Falling knife, page-11

  1. 6,957 Posts.
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    Agree, a cash guzzler is worthless unless there is a foreseeable and sustainable move towards cash flow positive. Obviously it wasn't fast enough for the current large holder dumping into oblivion, not helped by the huge 7.5c CR holders who may have thought they would make a quick buck thanks to Canaccord spin. They will be panicking/cutting losses into this dump as well.

    The millions gone into developing product and building this market are certainly not reflected by the MC. So at what point will the big boys buy it? In administration or before? In administration, the tech will be owned by Oxford Finance, so it would be in the interests of the current big holders to keep funding if there is less and less cash burn per quarter. I guess they have probably 2 more quarters to show traction with new direct sales team and leadership. Last quarterly report, said they had cash until Sept quarter 2019.

    There might be a quick trade here, but I'm sure many were thinking that at 7c, 6c, 5c, 4c ....
    Last edited by imback: 10/11/18
 
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11 29583410 0.1¢
 

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