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Not just that, If I remember correctly, not long ago during the...

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sylau90

362 Posts.

19/10/17

10:51

Post #: 28023504
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Originally posted by skyscraper99 ↑

They had nearly $2.2 mill according to last quarterly, and last quarterly sales was only 484k so even if there was no sales at all they could not have burnt $2 mill or anywhere near that so to do a CR just for electricity bills at this time with supposedly good news and expansion coming with supposedly large increase in current sales is not on.

So let's see what they announce.
If I was running the place I would do a CR if needed after a quarterly that showed a large increase of sales and hopefully at a much higher sp.

To spout on about non dilutive expansion and then immediately do a CR if just to pay wages etc when it is not really needed right now is not on.

If it is for immediate expansion to supply orders then let's see the details.
This company has so far been run very very poorly and yes they have stated big plans but words are cheap, let's see if they can execute.

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Not just that, If I remember correctly, not long ago during the conference call, Alain even mentioned at its current price it is too cheap and now they do a CR at this price is totally beyond me.

The only thing I feel comfortable now is luckily , Alain performance share is tied to the VWAP share price.

Last edited by sylau90: 19/10/17

CFO Price at posting: 36.5¢ Sentiment: Buy Disclosure: Held
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