"they had 5.7m at the end of March. This quarter was -2.8m so 2.9m left. Unless something major happens they have 4 months of cash left"
"they are already valued at 30x their NAV"
I bought XF1 because I believe in the product, I think demand will increase after covid, employees love working there, and I think it looks like a clean, valuable business. But I've been worried about the drops in price, and comments like the above.
I'd like to hear some opinions from those more experienced than I am. I am not experienced reading financials, and my interpretation was that the company was turning cash flow positive soon. I mainly bought this company based on fundamentals. It seems to me like a great company.
Thank's in advance for any insight people are able to provide.
XF1 Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
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