The only reason I continued to hold was because we were told they were in the process of onboarding a 1 million case supplier which would make DW8 Profitable overnight.
Now we find out this was rubbish and we've been strung along for the last year while they burn through 15 million dollars in cash.
Now they're taking a loan for 10 million so they can burn that for the next 3 quarters.
The only growth we've seen has been through acquisitions. This was the first quarter where we should have seen organic growth from Kaddy and it went BACKWARDS!
How do you guys not see this? Does nobody read the 4C and reassess their position each quarter?
It's time to face the music, there's no way they're going to turn a profit anytime soon and they're just going to continue burning millions of dollars each quarter until there's nothing left.
Like you said, businesses are crippled and going bankrupt, what makes you think DW8 is immune?
DW8 Price at posting:
1.4¢ Sentiment: Sell Disclosure: Not Held
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