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13:39
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Originally posted by Researcher101
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The board and Snr management of Vivid appear to be managing the capital position of this company on an adhoc basis with complete disregard for the long term survival of this company. What are they thinking?
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Researcher101, pretty much the same conclusion which I arrived at except I think revenue needs to be nearly $30M and all other costs (except COGS) need to stay at the current levels. Given where they are, I thought the last convertible note was an OK deal for VIV but guessing there needs to be a CR some time soon. Hopefully pricing on LaaS brings some better margins (impossible to tell at present). Certainly not for the faint hearted.
