hammer and tongues company needs cash, page-8

Spot on Flemster. The $15 million in cash at June 30 will not go far in meeting bond requirements at all, especially when the company is cash flow negative anyway.

We either end up much more leveraged (and therefor vulnerable when orders don't materialise), or we get (another) capital raising. Either way the performance is abysmal and we are likely to see plenty of capitulation selling.

Happy days.

Maybe if we are lucky we will see some resignations in senior management, it certainly seems called for. We could even pay our new management team more in line with performance and less in line with promises - that will improve cash flow no end.