Will RS Go To Zero? Journalist James Altucher thinks so. Here’s why:
“Raser Technologies (RZ): The basic numbers tell the story: $634 million market cap. $326,000 (yes, thousand) in revenues over the past year. -7.7 million in negative cash flow. $30 million in net debt, with no profit in the foreseeable future. Raser builds geothermal plants and hybrid vehicles. It has switched business plans, switched management teams and consistently failed to deliver on promises. Most likely, it will raise money via a dilutive financing that will hurt shareholders, and, if it can’t succeed in raising money, it will eventually go bankrupt, like many other companies before it that have failed to deliver.”
