It also helps if you can read a financial statement. Go to section 5 of the report ... its all there.
You don't just look at section 1 determine where the money is going. Look at section 2 and 3 that has costs for IP and costs for financing.
As per section 5.
End of Q4 cash in bank was 4.293M
End of Q1 2020 cash in bank 3.16 which is about 1.07M down.
Now they may estimate 761k for Q2 but we have seen the actuals end up higher than the estimates for the last few quarters. This wouldn't matter too much if ESH was earning anything of note but when expenses are about $10 for every $1 coming in but the cash burn here is a real killer.
It also helps if you can read a financial statement. Go to...
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Last
2.6¢ |
Change
0.002(8.33%) |
Mkt cap ! $10.70M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.7¢ | 2.5¢ | $14.08K | 533.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74885 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 2.7¢ | 43565 | 2 |
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| Last trade - 15.29pm 03/05/2024 (20 minute delay) ? |
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Last
2.7¢ |
Change
0.002 ( 8.00 %) |
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| Open | High | Low | Volume | ||
| 2.5¢ | 2.7¢ | 2.5¢ | 118047 | ||
| Last updated 13.24pm 03/05/2024 ? | |||||
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