Westcoast, you are gone after a longgg wait. Still I'm holding from IBY time.
Again disappointing with cash burn, but revenue is increasing modestly. If they can contain the cash burn I wouldn't be surprised with a profit in the next quarter. In the current context, still they can survive for another 4 to 5 quarters without capital raising. If they need to raise capital, I wouldn't be surprised at a long queue and they may raise at $3- $4 similar to last time.
At the current SP till 2.50 its a buy IMO. GLTA.
E88 Price at posting:
$2.00 Sentiment: Buy Disclosure: Held
