Management is a fail on capital management and a fail to date on converting clicks to $.
Disappointingly management are being far to cute by half in re framing UV from monthly to quarterly.
I would be curious to know if this is at the behest of the spin doctors or an internally promoted idea.
I would suggest cash burn will remain highly elevated and unsustainable unless/until they can convert clicks to cash --- quickly.
Dumping in my view is from the CR sub underwritters who picked up + 60% of the CR which they did not expect plus the 10,000,000 options granted
RNT Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
