I would guess they had somebody in mind when they asked the bank for the credit line, although it replaced an existing facility. Still might take several months to approach a seller and hammer out a deal.
Mgmt does seem to have done a decent job here. Tough for a microcap to consistently earn profits when things don't go exactly as they had planned.
I don't have any cash so won't be buying anytime soon but will keep watching. Good luck.
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