(Total Views: 365)
Posted On: 01/04/2019 3:49:15 PM
Post# of 40991
I might put something better together over the weekend, but here are a few comments about this -
1) 30-40M shares for scrap change: it's 44,360,473 shares; say the average price for those shares is 0.0025. That's $110,900 - not exactly scrap change to me.
2) total operating expenses in Q4 was $284,577; total cash collected from sales was $143,560; revenue was much higher, of course, but much of it went to accounts receivable and has not yet been collected (numbers were extracted from the Annual Report in combination with the Q3). We had, therefore, a shortfall of about $141,000 dollars for operating cash flow.
Just spend some time with the spreadsheet that I posted and you can get a real good feel about the financial innards of the business. It may look intimidating, but it's really not that bad. And also look at the cash flow statement from the annual report (page 9 of 21) - it says a LOT.
My take on all of it - all is VERY GOOD with the company and the financials. But ALL startups - large or small - NEED cash and must do everything possible to raise as much of it as possible in order to fuel the engine AND the growth. This is very normal. What's not normal is how well SB has managed to clean up the balance sheet, make investments as he's done, make the sales, further the product development... it's really frickin' awesome!! (oh yeah, IMO)
1) 30-40M shares for scrap change: it's 44,360,473 shares; say the average price for those shares is 0.0025. That's $110,900 - not exactly scrap change to me.
2) total operating expenses in Q4 was $284,577; total cash collected from sales was $143,560; revenue was much higher, of course, but much of it went to accounts receivable and has not yet been collected (numbers were extracted from the Annual Report in combination with the Q3). We had, therefore, a shortfall of about $141,000 dollars for operating cash flow.
Just spend some time with the spreadsheet that I posted and you can get a real good feel about the financial innards of the business. It may look intimidating, but it's really not that bad. And also look at the cash flow statement from the annual report (page 9 of 21) - it says a LOT.
My take on all of it - all is VERY GOOD with the company and the financials. But ALL startups - large or small - NEED cash and must do everything possible to raise as much of it as possible in order to fuel the engine AND the growth. This is very normal. What's not normal is how well SB has managed to clean up the balance sheet, make investments as he's done, make the sales, further the product development... it's really frickin' awesome!! (oh yeah, IMO)
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