An article on The Motley Fool noted that GoPro has been operating with negative cash flow and this could continue to be a problem as it struggles to grow in a niche market with competition and substitutes abound. (courtesy of The Motley Fool)The company has tried to reduce operating cost, but its financials are still moribund. The article continued, If GoPro's financials continue to deteriorate, the company may be forced to draw on its credit facility, which goes up to $150 million. From the recently filed 10-K: "In March 2016, we entered into a credit agreement with a syndicate of banks that provides for a secured revolving credit facility under which we may borrow up to approximately $150 million as of December 31, 2016. No borrowings have been made from the credit facility to date." That money comes with strings attached in the form of financial covenants, such as maintaining a satisfactory fixed charge coverage ratio, among others.It won't be ideal, but GoPro might have to take on some debt.In our previous update, we saw the technical clues that the market was about to give up on GoPro. After the 3/8 session, we saw the sell-off materialize as GPRO slid to all-time lows.GPRO Daily Chart (click to enlarge)This looks like a stock that should be faded if it is able to rebound back into the 8.60-9.00 area.