/biz/ - Business & Finance

>>10451196
Ok, they have $27,000,000 in cash, so they can only afford to continue operating for another quarter unless they do some financing. They can raise a lot of debt (bad), dilute a shit load (bad) or ....? Dunno but things arnt looking good.

Maybe they can liquidate some of their other non-cash assets? They do have $160M assets. They might have problems liquidating to raise new debt if they already have a lot of debt. How leveraged are they right now? Well, check their current liabilities. Fuck, another $160M of liabilities. So this company's net worth is essentially $0 and they blow through $150M per year. They're fucked, they need to raise cash NOW and any way they do it will be extremely painful.