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Tuesday, August 18, 2009 1:11:47 PM
How do you reconsile the $57 million it is going to need within the next 18 months? Say they produce $27 million in cash during that time. Then where's the other $30 million coming from?
Do we know when they are going to need certain monies? What if there was a $20 million payment needed this year?
What I would want from managmenet was a statement along the lines of if they have problems getting a loan then shareholder value will be preserved as the highest priority - this is very rare occurance
The irony of the situation is that if they got the company up to fair value - and they desrve to given how they've worked on A/R's - $30 million wouldn't be that signficant a dilution. What do others think about it?
cheers
rich
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