GREY:SMDWF - Post by User
Comment by
ElectricFuneralon Feb 22, 2016 10:10am
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Post# 24581245
RE:RE:RE:RE:Time to load on bottom?
RE:RE:RE:RE:Time to load on bottom?tor27 wrote: Imo next week is critical for the company. If we get news of the convertible is finalized (with reasonable covenants), we move up. If we don't, the convertible is dead and we continue to seek small raises and/or bridge loans then we stay around 2-3 cents until/if the company reaches profitability. My real question is with EuroPac, Maison and others continuing to sink money into the company, would they allow it to go belly up? All in all, if the company survives this quarter, we will be fine. Great clients are being secured as per the short form and revenue is expected to double from q4/15 to q1/16. The burn is also being cut dramatically with 5 people cut from the company last week and now a few other significant employees now being paid in shares. Lawyer fees will also be cut dramatically if the short form ever closes. Let's see what unfolds next week. I'm a buyer the convert gets done with reasonable terms. Until then, I'm sitting with a huge loss.
looks like some are getting out of the burning building... Smell bad.