Post by
TheCanadianDude on Oct 20, 2022 12:01pm
NEW DEBT IS NOT AN OPTION IN A DEBT BURDENED COMPANY
Companies usually need positive EBITDA against which to borrow but here EBITDA is negative @ -1.45MM and has been for many quarters plus the Debenture matures next month (November) and needs to be paid to debt holders.
It will be very interesting to see if CHALF will be taken over (and go private) or opt for receivership or dilute again or raise another reverse split or whatever the new CFO can think of if they survive the debenture. All these options do NOTbenefit investors so let us wait & see.
Comment by
TheRealCanaDude on Oct 20, 2022 12:08pm
If the price is right why not entertain a take over? But your math skills are a lot like your policitcal skills. You don't even know who the Senate Majority Leader is. It's almost like you're posting from a foreign country and are being paid to agitate people on this board. You're not posting from a foreign country are you? Question is rhetorical.
Comment by
TheRealCanaDude on Oct 20, 2022 3:18pm
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