Great value story: business going through a transition period and misunderstood as a result. Credit lines are secured against cash and inventory so not a big issue. Ebitda target $500M achievable, it should be $1B company.
I believe the equity is worthless, . they must rise new equity to survive. . Clearly the assets do not produce enough cash to cover the obligations. The accounting is pretty dodgy with 70% of outstanding receivable and revenue recognised in advance.... the investments that the company does on its assets did not produce any FCF. . anyone is shorting this fraud ?