RE:RE:RE:RE:on fumesYes
The good news is they have a new CFO. The AP numbers are old ,and my bet his first priority was to get them out of the financial crunch. He may have a plan. I know they had 10.5 million in receivables , but no idea what the terms of collection were. Also, the inventory needs to be turned into cash at a cost. So he may have dug up some cash there.
Why is the shell even buying this property???. Sunniva couldn't raise the extra 100 million to build, so it's hard for me to see a shell company doing it., I am not optimistic it will close at 20 million on the 5th, but we will soon know.
Time will tell if they survive till the fall. If they do get the 20 they should have about 8 left to deal with all the amounts owing
. .You are the only person that has posted on this Board over the last eight months that has actually read the financials. Congrats.
I am posting too much again, so will give it a rest, and see what happens this month