Post by
Kosta300 on Jul 22, 2009 3:19pm
Time to Raise some Cash
As per the most recent SEDAR filings- looks like a Share Offering to raise some much needed cash is their next thing they will need to take care off. Remember ,they have bills to pay and only way any bills will get paid will be from another share offering since the cash coffer is almost dry. If not- there will be no lights to turn off. I know its been said before a few times before on this board that the last dump was the margin call from one of the former company execs - would be interesting to see whose hands these shares flipped to?. Maybe the 3-4 cent range is not bad after all considering whats going on,
Comment by
staolin on Jul 22, 2009 4:04pm
Or all the guys not working the floor and drawing salaries from the company can go out and sell their year long stockpile of product door to door? Doesn't seem like people are flocking to the warehouse to pick it up (probably because no one knows about it, unless they happen to visit the FTE website?).