I just got a reply email.
What I sent,
first off I would like to say you guys are doing a great job running this company and have my money here for the long haul. I was just wondering if you guys will be coming out with some news regarding the convertible debt, or possibly what you will be doing with the free cash flow that you guys made from the loan to OTTV.
What I got in reply...
Thanks for email.
Company's convertible debt position is irrelevant this point. Global is
long term strategic lending partner who helped company for past 7 month
to get rid of toxic debt. Most lenders are pure dumpers/sellers where
Global is a strategic trader type, his conversions are done during high
volume trading days, significant liquidity and pr events.
We have a nice cash position and only believe to deploy cash to generate
growth and not pay bills or notes. Example, there PO's to be funded
(chemicals and manufacturing related costs) on stand by with large
retailers and distributors once M&A transaction is completed.
Take care,
SR
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