OTCPK:DRWIQ - Post by User
Comment by
JonathanJSmithon Dec 05, 2016 10:29am
140 Views
Post# 25554457
RE:RE:RE:You would have thought this would help us
RE:RE:RE:You would have thought this would help us
I think these guys are ex-Newbridge, although, the way they're running the company, I can see how they look like a bunch of Northern Telecom "muppets" - a term Allen can appreciate.
https://ottawacitizen.com/business/local-business/dragonwave-consolidating-shares-looking-to-boost-cash-flow
I guess shareholders are stuck in "hell" for a while yet. Next Q should be better and as Sprint revs start to kick in, further improvement is inevitable. That being said, as the company is constantly being heavily shorted I wouldn't expect a 10 bagger here - there's just too much manipulation going on. They have enough cash to last two or three more quarters (assuming reasonable cash burn) before they need to seek additonal funding. Mind you, they still have access to their revolving credit lines. Who knows, perhaps the muppets can convince Sprint to lend them some money? lol
Remember, Sprint would not have selected DRWI if they expected them to declare Chapter 11. Consequently, they have been given a lifefine for a few years yet.
Furthermore, I wouldn't worry too much about the Nasdaq minimum equity requirement; they have until April to comply so it shouldn't be an issue.
Tree shaking? Indeed.
Frankly, DRWI looks like a good bet for someone's Roth or TFSA and I think I'm a buyer at this level. If she goes lower, then some DCA might be required.
Cheers,
JJ