RE: VAST - Cleared the seller4 Feb 2021 09:38
Chris'They also elected to pay Atlas in shares which to me implied that they are in the process of sorting out the new finance deal. otherwise they would have paid using their abundance of cash.'
No, they used shares because they are cash strapped (cash burn is huge, I would say circa $1.5mil a month) and they paid off only $500k, still millions in debt.
Cash burn is huge, I would say circa $1.5mil a month.