GREY:SMDWF - Post by User
Post by
TAswingon Jan 20, 2016 7:53pm
337 Views
Post# 24478965
Answers to my emails from IR at Howard Group
Answers to my emails from IR at Howard GroupNothing new necessarily, but it made me feel a bit better after the last news and yesterday's drop to new 52 weeks low:
"I hope you are doing well, in spite of these markets.
Management believes that it will be able to secure enough money in the next 45 days that will allow it to get to cash flow positive. As you know issuing equity isn’t an option so they are pursuing an alternative means of bringing in the required money. Management is projecting confidence that it is going well and they should have something to announce soon.
It will be nice once this period is behind us...
If they achieve this raise, it will be nice to say to investors, “management says that the company doesn’t need to raise any more money.”"