May. 12 at 7:28 PM
$RC there is always hope but i am afraid we are going to no return teritory. Right now the company has cash for like 5 months, but that is thanks to a one way bargain purchase which is a bit of accounting magic. Really there is more of a 3 month window where the company must sell assets, take more loans or dilute us to eternity.
Assets are coocked as we have been having some accounting magic going on so lets hope here everything is OK. With the current state of the financial market everything is in a bit of freeze as nobody know how Donny is gona wake up, and f us in the back side. And ofcourse the price would have to be lower to sell in such short notice. So the company is liquidating its longterm investments which ofcourse is making it walk the tight rope.
More loans would be a bad idea as RC already doesnt generate enough cash to cover its inteterest on the loans, so more loans currently means higher chance of going sideways.
