In Cleanspark's defense, they went all out in their response letter to the SEC. In this regard, given your recurring losses and the recurring net cash flows used in operating activities, we are interested to understand how you are nonetheless projecting future cash flows that support the recoverability of over $20 million in recorded assets." "Notwithstanding the preceding, please tell us the evidence you considered in concluding that the recorded amounts for the Flexpower system, goodwill and other intangible assets were recoverable and not impaired as of September 30, 2017. On February 27, 2018, the SEC issued a comment letter to Cleanspark that raised a couple of SEC concerns about Cleanspark's 10-K for the fiscal year ended September 30, 2017.
#CLEANSPARK STOCK PROJECTIONS SERIES#
With its market cap returning to these lofty heights for most of May and a series of recent newsworthy developments, it's a good time to revisit Cleanspark. At that time, Cleanspark sported a market cap of over $100 million, which I found to be quite surprising. You can find those articles here, here and here. Last summer I wrote a series of three articles on Cleanspark, Inc.
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