OTCPK:DRWIQ - Post by User
Post by
ROUGETRADER719on Feb 09, 2017 4:39pm
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Post# 25825036
DD is key 6 mil float breaking even on revs
DD is key 6 mil float breaking even on revs 2017-02-01 17:38 ET - News Release
Mr. Claude Haw reports
DRAGONWAVE PRESENTS COST REDUCTION PLAN TO FINANCING PARTNERS; PLAN DESIGNED TO ACHIEVE NEAR TERM PROFITABILITY, MAINTAIN NASDAQ LISTING, STRENGTHEN BALANCE SHEET, AND ADDRESS LONG TERM OPPORTUNITIES
DragonWave Inc. has presented an updated operating plan to its credit facility partners. The updated plan reduces operating costs by 30 per cent, in order to achieve cash-flow break-even at anticipated revenue and margin levels.
THIS WAS BEFORE THE ITALIN CONTRACT NOW THEY MIGHT GO ER +