GREY:CVHIF - Post by User
Comment by
brentski99on Feb 12, 2019 1:16pm
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Post# 29353709
RE:RE:TER had 23 million cash on hand sept 30, 2018
RE:RE:TER had 23 million cash on hand sept 30, 2018Anything is possible if they can arrange a credit facility in the next while to facilitate the expansion of the company which they seem to already be doing a good job of. That way they will not have to raise money by issuing many shares at these low prices. They certainly have the talent now to do so. Dilution at these levels does not make sense unless you do it before a share consolidation which I have a hunch they may be considering as it was not done concrrently as first announced.
Why not close a few more acquisitions and then roll it back? Build up some more cashflow and then go for a LOC. Gradually work the price up as far as you can pror to a rollback - to say .30 and then pull the trigger. Open it up over $2.00 and you will really catch the interest of the investment community. Terrascend did it - why can't we?