Hey Dorianx, according to the last reported figures (published at the time of WEB's latest cap raise a few weeks ago) they are burning through $5 million in cash per month and have 270 million cash or equivalents (e.g line of credit). The burn is much lower than anticipated – they were expecting double that. Those figures were only the running costs, and didn't account for debt repayment. So, it's a pretty long time before they run out of funds. Just how long depends on whether they make any acquisitions, pay back more debt, increase operating expenses and a raft of other unknowables.
WEB Price at posting:
$4.83 Sentiment: Hold Disclosure: Held
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