RE: major bullish reversal pattern28 Mar 2020 20:21
I emailed as an investor some 3 weeks ago to yu. as to the cash position of YU. as set out 31/12/ 2019 to confirm when the cash and how much would be brought into the cash book. they were quick and detailed in their response as I was with my comments on 7/3/2019
the cash as is stands 2.1 mil plus 10.5mil supplemented by trading counter party deposits. since the deal was done in late December for the 13m credit facility the 10.5 mil will only be brought back onto the books Q1 2020 total cash position 12.6 mil, my take is this could be a lot more come march 31. this is a solid investment? I know it, the BOD know it , and the MMS know it, keep getting in on the lows not long now
you might notice that with 4x the staff there is no marked increase in cash burn ? the company as i see it will not be out of pocket to any degree as a result of the situation we find are self's, and given the cash in bank find are self's in what could be a very nice position given them that went into this with massive dept.
Next week the trolls will be out in force trying to separate the weak from the strong not a lot of free float here and i believe blind shorts still to close yet could do with a bull stampede and this could really boom it will come the results anyway.