GREY:SYXXF - Post by User
Comment by
nostrilon Mar 19, 2015 1:23pm
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Post# 23539336
RE:RE:RE:RE:$3 million loan from Van Eden
RE:RE:RE:RE:$3 million loan from Van EdenI hope that you are right and the revenues/profits mean that they don't need to issue any more shares. However, I doubt that you are right. The possiblity of a dillutive equity issuance has been hanging over the stock for a long time now. If they strongly felt that with the $3m loan they will not need to do a share issuance, I think they would have indicated this in the press release. But they didn't.
Anyway, what we all want now is for them to start announcing new contracts. That way, even if they do issue new shares, it should be at a much higher price. On this point, I wonder whether the lack of new contracts recently was simply down to the fact that they had no capacity (with one machine) to take new business. With the three new machines now being put into production, maybe there will be some backlog of deals to finalise and announce...
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