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Wednesday, 03/21/2018 1:43:54 PM

Wednesday, March 21, 2018 1:43:54 PM

Post# of 4849
New management has definitely done a good job in the past year.

As the new CEO said, they inherited an 'essentially broken business including a very weak balance sheet and an operation that generated losses'. By negotiating a refinancing of the debt, they've likely gone from having a negative value in their shareholders' equity to a positive, and by extension the debt/equity ratio to a positive. With operational efficiencies and cash flow improving from here on, I can't see why share price shouldn't continue to appreciate. Hopefully there is some exciting news soon regarding these new products they are working on.

Looking forward to the Q1 report from 2018! :)
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