Closet - It seems you are applying logic to justi
Post# of 154658
(Total Views: 711)
Posted On: 11/28/2020 8:29:54 PM
Re: ClosetInvestor #66645
Closet - It seems you are applying logic to justify NP's statement. I did the same. In other words, "of course, we will be at $30 million.....we just raised $25 million a couple days ago."
But, the INFERENCE of NP's statement was that something new was afoot.
There are a couple of reasons why your and my logic-strategy isn't super strong:
1. CYDY seems to have agreed to return $7.5 million of the $25 million prior to month end. Completely bizarre, but they seem to have agreed to it. That in and of itself would put us well below $30 million at month end.
2. We owe a lot of money to Samsung. Not entirely clear when it needs to be paid, but we owe them a lot of money before year end. (We owe a lot of money to others as well. Our bills are not current.)
So.....this is my thinking......when NP spoke, he was inferring that something else would be happening by Nov 30 (which is Monday). I mean he said "we will see he got a good deal." Again, my thinking is that he is saying that something is going to happen to make our completely bizarre capital raise (borrow $28.5 million in early November to get $25 million cash and agree to repay $7.5 million per month for four consecutive months by Nov 30), look "like a good deal."
My first conclusion is that NP was inferring something very big by Nov 30. Unfortunately, my other conclusion is that NP never delivers on time, and he speaks in code.
But, maybe, just this once, he will deliver on time and on budget!!!!!!
But, the INFERENCE of NP's statement was that something new was afoot.
There are a couple of reasons why your and my logic-strategy isn't super strong:
1. CYDY seems to have agreed to return $7.5 million of the $25 million prior to month end. Completely bizarre, but they seem to have agreed to it. That in and of itself would put us well below $30 million at month end.
2. We owe a lot of money to Samsung. Not entirely clear when it needs to be paid, but we owe them a lot of money before year end. (We owe a lot of money to others as well. Our bills are not current.)
So.....this is my thinking......when NP spoke, he was inferring that something else would be happening by Nov 30 (which is Monday). I mean he said "we will see he got a good deal." Again, my thinking is that he is saying that something is going to happen to make our completely bizarre capital raise (borrow $28.5 million in early November to get $25 million cash and agree to repay $7.5 million per month for four consecutive months by Nov 30), look "like a good deal."
My first conclusion is that NP was inferring something very big by Nov 30. Unfortunately, my other conclusion is that NP never delivers on time, and he speaks in code.
But, maybe, just this once, he will deliver on time and on budget!!!!!!
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