GREY:SGLRF - Post by User
Post by
jerrybeon May 13, 2015 9:34am
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Sounds like BK is coming soon...
Sounds like BK is coming soon...Not to sound too gloomy but they have a "going concern" notice with their financial statement.
That is not a good sign. If the firm has its credit lines curtailed, it will be in deep trouble. Maybe a very dilutive stock issuance would do the trick. I imagine they are actively looking for asset sales.
With John Wright on the board...maybe a tie-up with Lightstream...although they have their mountain of debt to climb and probably do not want $200M more debt...