Posted on Prime Clerk by Sunny Singh at 23:09 on Dec 28. Way to bury it, 11pm on a Friday
5 replies (most recent on top)
It’s 2 filings.
$404M loss for the period 10/15-11/3. $497M cash on hand
$125M loss for the period 11/4-12/1. $179M cash on hand
Cash burn of $318M almost equal to difference (in loss) between the 2 periods of $279M
So that brings the total to what, $13B that Eddie has lost in 8 years?
How the h--l is that not a call for full liquidation? Godd--n this is drawing out an incredibly long death already!! God I hope liquidators win the bid to finally draw an end to this, it's gone on FAR too long now!
This includes all the restructuring and closures. Without it, financials would be looking much better.
Is this what Eddie meant by a turnaround?