Excuse Me, I Need to do Some Hedging Trades with Jim Chanos. Also, an interview with iConnections co-founder and CEO, Ron Biscardi.
RiskReversal Pod
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What's Going to Happen When Things Get Tougher?
The first quarter that they reported last night was an utter disaster. They're now a growth stock that's stopped growing. It's had flat units for four quarters. And so if you're not growing any more and you're not making any money, well, the valuation cliff from being a unprofitable tam 20 times revenue story to a use card ealer with an online presence that loses money. That's a big step down. The equity they're raising right now is going to be gone by the end of june or july, and they con be right back into the same liquidity problem by the endof the summer, early fall. I'm stunned the stock still has an e
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