Saturday, August 05, 2017 2:17:51 PM
Yes there are different ways to look at this and I believe that the CEO and board of director member who put their money's at risk have weighed out the risk and the reward and I think it's entirely feasible that they are more than confident given the restructuring and the realignment effort and a drastic reduction of debt and operating expenses that they feel they will make this company cash flow positive and the share price will be a far cry higher from its current state and level.
Let's wait for the earnings release due soon and look at any incremental changes to the positive in the numbers. They have made a tremendous amount of effort in carrying out the restructuring and deleveraging the balance sheet and if I see efforts now to renegotiate October maturity debt and further reductions in debt and operating expenses I think they have proven more than enough to me and I would expect future announcements of being able to get conventional Lending success for their working capital needs and they are determined to eliminate toxic debt and I believe they will move in that direction.
So obviously I understand we are far from out of the fire and that's why the prices were the prices at but I believe this company will come through and I believe the benefits and positive bottom line results from all the restructuring efforts have not yet been seen obviously but they are coming.
IMO
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