@HotChiliLimited Frightening cash burn. Is the company likely to secure some form of non-dilutionary funding to see it through the next few years? Doesn't seem like the capital raise Ponzi scheme is sustainable any longer. Last raise at $1 was a big coffin nail for $HCH shareholders.
@ScottW_Grizzle Hey dude, HCH currently has half a water licence and zero infrastructure. Can you do a back of the envelope of what that is worth to sell. It sure ain't half a billion at the moment.
$EXT Is something brewing behind the scenes or is the market finally catching on to how undervalued this company is? Up over 18% today alone on huge volume.
@GoldAsxSpec@HotChiliLimited $HCH clearly does not care about conserving cash through sensible decision making like what you have suggested. They burn it like it grows on trees. Every shareholder is holding this at a loss now while they run up the expense account.
@PIL_FinTech_Co Turbocharging AI by selling off a useless, money burning, recently acquired company? Seems more like trying to keep the lights burning @ $PIL for a few more months.
@StevenBliim@excitecyber Just calling it as I see it. Doesn't seem to have passed the pub test too well but whatever, it's normal small cap behaviour, doesn't mean I have to like it, especially seeing shareholder communication has been sub par lately, particular around funding.
@StevenBliim@excitecyber Yeah and then you straightaway slug shareholders with another 100,000,000 share capital raise at 23% discount. Strange move- not sure how long shareholders will tolerate this.