What a disaster of a quarterly and announcements
$157k left in the bank, $1.3m debt, cash burn per month is higher than cash at bank.
Are they even solvent?
Also the presentation IMO is full of misleading information - comparing MYQ to fitbit, catapult sports and others? They don't even have a product?
And how are they going to target all these verticals with $250k? You can't even pay the CEO and his partner's salary with this much money.
See you at the 3 cent shell recap
xoxo
