May. 9 at 12:41 PM
$BRQSF What I’m actually looking for:
I’m not stressing about the exact earn-out number right now.
What I really want to see in the upcoming 20-F is a clean balance sheet that shows Borqs is preserving its cash, still sitting on roughly
$12M to
$14M in cash and cash equivalents with no big burn or weird new liabilities.
If the cash position is still largely intact, that tells me Pat is being responsible with the money. And that he’s actually going to do something with it. That’s my main focus.
The earn-out I’m confident will land in the
$8-12m.. my theory… He’ll eventually use the combined money for some kind of AI-related move, but he’s waiting until everything is finalized before he says another word.
