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Re: Drugdoctor post# 1968

Tuesday, 05/29/2007 7:27:58 PM

Tuesday, May 29, 2007 7:27:58 PM

Post# of 9314
I am not trying to hurt anything, I am a realist > IMO WEGI is going to need more cash, nothing wrong with that? if you look at the burn rate for current operations they need more cash as is, but throw in a storm and then cash is king, when you operate in a disaster zone not only do you need to pay your people more in cash, you need cash to house them, cash to feed them, not to mention all your costs for fuel and supplies price goes way up and suppliers will want cash, the problem is most all of the large jobs will be insurance payments and they can take a long time to come thru, so WEGI will be laying out major cash to operate in the hazard zone, and waiting long time to ge money back, but as you know they will make money, lots of money in the hazard zone, literally millions to be made, but it is going to take CASH to be a player in the hazard zone and WEGI presently has very little.

IMPO WEGI will work out some form of bridge loan or credit line before the season gets into full swing, dont take it as an attack, it is business, it takes money to make money in these disasters > IMO they need more CASH.

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