Stweeve, That was 8 months or so ago, They raised plenty to buy Living social and had $15million left. Not sure of your point as to how this effects E88 now. The cash burn since then is one of the main reasons for investors losing faith I think. Still $7million in the bank not sure why the panic, we know they can and will reduce costs. Then guess what a 500k loss then a 20k loss, then a 400k profit then a 1.5million profit, then a dividend.
No dept= no worries, peeps are jumping at shadows. Fear just cause of constant panic selling in half our small caps.
E88 Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held