salus what do you think of ebts cash position? it doesn't look good. ebt has 1.2 million in cash and owes 1.4 million in january.they need $330000 to cover sportaccumens bets so they will have negative cash of $530000 assuming they are cash flow neutral this quarter. ebt was $500000 cash flow negative last quarter so maybe they will be even more cash neagtive.
the issue of notes is raising 7 million but that is all needed to pay for turbo and the costs of buying it. where is ebt going to get the cash to keep going. maybe they will have to issue more shares.
the director only bought $5400 worth of shares not much of a vote in the strength of the company. more like a desperate attempt to try and show faith to ramp the shares. what do you say?
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