They have no CASH now, Cash and Cash equivalents equalled -$1,145,000 at the end of June, therefore they must, as you state, continually go into debt to fund any further investing activities.
They already have total Liabilities of $61,000,000 and growing, which must be danger danger in this current climate.
Given the $50m facility they can draw down on needs to be rolled over in Oct next year this may also be a problem.
I think CUS will do well once Direct Charging comes into play, my only concern is that they will pass the hat around before then.
Any balanced thoughts??
Add to My Watchlist
What is My Watchlist?
