7 ms·
Great comment. I had a professor say often that "cash is king." Obviously these companies aren't paying attention to cash at all.
by eliajf 13y ago
Great comment. I had a professor say often that "cash is king." Obviously these companies aren't paying attention to cash at all.
- newbie12 13y agoActually, the opposite is true. They've got more cash coming in, and cash in the bank, which is masking the operating loss on each sale.
- eliajf 13y agoThey don't have the cash to pay their bills. Clearly they don't have excess cash coming in. Cash is still king. They are just masking the cash deficiencies of their business by raising it through funding.