Q42018 was just a Short squeeze that bumped the stock higher
Q42018 was a Short squeeze that bumped the stock higher
1) Way too much equity financing
2) Net loss
Cash provided by financing activities during the year ended January 31, 2019 was $288.2 million primarily due to the issuance of the Notes, net of the Capped Calls and issuance costs, as well as proceeds from the exercise of stock options and issuance of common stock under the Employee Stock Purchase Plan.
All about financing, ergo, the short squeeze. Despite issuance of stock, still a net loss, negative cash flow on operating activities. Can't rely on financing forever. IPO'd at 9mil shares, now at 52mil.
On a weak economy, this presents a red flag. Added on my sell list.
1) Way too much equity financing
2) Net loss
Cash provided by financing activities during the year ended January 31, 2019 was $288.2 million primarily due to the issuance of the Notes, net of the Capped Calls and issuance costs, as well as proceeds from the exercise of stock options and issuance of common stock under the Employee Stock Purchase Plan.
All about financing, ergo, the short squeeze. Despite issuance of stock, still a net loss, negative cash flow on operating activities. Can't rely on financing forever. IPO'd at 9mil shares, now at 52mil.
On a weak economy, this presents a red flag. Added on my sell list.