/vt/ - Virtual Youtubers

I don't understand though. Why did they need to sell part of the company to raise money when their balance sheets show they have around $50 million just sitting in Cash doing sweet fuck all?

>>46041365
They figures don't really support that kind of assertion though. I remember seeing numberfags make a big deal out of how Anycolor has these huge cash deposits for so long before meaning they weren't investing anything. But the weird thing is now you can actually check and see that interestingly Cover has a comparably large amount just sat in cash reserves too.

>>45545852
It's funny how this gets painted as some particularly unusual feature of Anycolors balance sheets by people that would like to pose as if they know what they are talking about and then you check Cover's balance sheets and you see they also have large cash reserves.

>>45131055
>Anycolor isn't doing any of that. They're getting all the fat checks but they're just holding on to all that money for some reason. What do they want to do with a large stockpile of money?
I have to wonder do you guys ever actually check the numbers match with what you say before you say this stuff? You would think Cover was spending everything and had nothing on hand the way you are describing it but no they are sitting on $54 million in Cash while Anycolor has $76 million. The difference isn't even that massive. If anything its probably about proportional to the amount they make.