OTCPK:DRWIQ - Post by User
Comment by
bailey2on Apr 23, 2017 4:32pm
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Post# 26154918
RE:RE:Time to solidify Dragonwave's bankruptcy
RE:RE:Time to solidify Dragonwave's bankruptcyIf we were even getting a decent quarter, we would be compliant. I think you are wrong. It will be more pain . There could even be charges with the so-called cost cutting. Last line of credit covenant expired , April 1. We have heard nothing as to renewing, or increasing. BOD said would give us an update on cost cutting and renewing line of credit. We have heard nothing. Silence is never good . Hopefully they can sell it for a buck or two. But the problem is : management owns zero shares. Why would they sell it. They retained CIBC capital markets a few years ago and it was mentioned in their latest quarter md&a that they look at alternatives such as buyout, merger, etc. Email the board and ask them if they have actually done this. lol