Resolution: no drink and no showing how I read accounts, so grab a bottle of absinthe and let's look at $TRIT
A mysterious stranger appears from a foreign land.
"Play me the music of your people", you ask
It's like nothing you've ever heard but it's everything you've ever felt
A mysterious stranger appears from a foreign land.
"Play me the music of your people", you ask
It's like nothing you've ever heard but it's everything you've ever felt
You fix the stranger in your gaze
"Where did the cash go?"
"Where did the cash go?"
"Onto the balance sheet, it is the custom of my people"
"Oh stranger", you cry, "let us SPAC this bitch up"
Narrator: time passes, they have come public and they are *flying*
Narrator: time passes, they have come public and they are *flying*
You've pulled a 180 and got everyone to start paying.
Your receivables drop from $18.7M to $15.4M
Balance sheet: golden
Your receivables drop from $18.7M to $15.4M
Balance sheet: golden
Sure there's a bit of leakage but your business is blowing up in the good way: you've turned those profits into $5.7M more cash.
Sure, development expenses are going up.. a little?
But at least you're not actually paying any tax
Nope, definitely not doing *that*
But you do now have $5M more than you did when you started.. so?
Ok, focus on the details and don't worry about this.
Ok, focus on the details and don't worry about this.
And don't worry about this
And you can GTFO if you try to bring this up
Instead. Cast your mind back to the previous period - the one where the cashflow didn't *quite* match the profit
1 of 3: Issue "debt" of $5M
1 of 3: Issue "debt" of $5M
2 of 3: Issue shares of $5M
3: Pay "debt" of $5M to.. someone.
Narrator: there are no related party issues here
Narrator: there are no related party issues here
Narrator: there are no related party issues here
Narrator: there are no related party issues here
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