AI
Friday, October 15, 2010 8:21:52 AM
500k has been drawn. That's not "very deep". I respect a company who has the gall to raise debt as opposed to continually dilute to raise cash. Dilution shouldn't total more than 2 or 3M for the year. Worse case scenario, we end up with 89M in O/S by the time the quarter is over.
Here are my projected figures based on current information. As you can see, the company is extremely close to profitability. WE could even get a nice little surprise when Q3 report comes out.
Here are my projected figures based on current information. As you can see, the company is extremely close to profitability. WE could even get a nice little surprise when Q3 report comes out.
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