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Posted On: 02/27/2020 1:10:17 PM
Post# of 36549
Still a long way from $2, but since we're discussing... I believe we still had uplisting hurdles on Assets Under Management and Going Concern.
Unless Assets Under Management was going to ignore the Goodwill exception, we were a long way off. With Goodwill subtracted we were like -$40MM. With Goodwill not subtracted (likely?) as an Intangible Asset, we were $1.9MM... and $2MM was the threshold.
Joe kind of indicated to me that the S-1 funding would fix that. However, I don't think an equity LOC counts as assets, so that would have implied Goodwill truly is excepted, the entire $40MM was drawn, or we maybe generated/acquired other assets have built since last Q.
As far as going concern, does the equity LOC count in and of itself, or would it have to be assets on the books?
If we hit the higher $ thresholds for uplisting, I believe both of those go away...
Unless Assets Under Management was going to ignore the Goodwill exception, we were a long way off. With Goodwill subtracted we were like -$40MM. With Goodwill not subtracted (likely?) as an Intangible Asset, we were $1.9MM... and $2MM was the threshold.
Joe kind of indicated to me that the S-1 funding would fix that. However, I don't think an equity LOC counts as assets, so that would have implied Goodwill truly is excepted, the entire $40MM was drawn, or we maybe generated/acquired other assets have built since last Q.
As far as going concern, does the equity LOC count in and of itself, or would it have to be assets on the books?
If we hit the higher $ thresholds for uplisting, I believe both of those go away...
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