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Re: None

Wednesday, 03/23/2016 8:38:59 PM

Wednesday, March 23, 2016 8:38:59 PM

Post# of 63003
Here's a question for all the people who think Cowi is going to retire debt and buy back shares:

Where do they get the cash to do this???

They could do 50 million in revenues but if they don't generate cash from operations how do they retire debt or buy back shares?

Also, part of the forbearance agreement calls for cash payments to the debt holder of $130K, never mind the 2.9M balance of the debt. They have never in their history generated cash from operations so are they going to suddenly turn cash flow positive??

Time will tell - meanwhile I'll wait for an intelligent argument refuting my analysis.
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