RE:RE:WELP'Too many Hurdles..."
Not sure I see many...if the $12m comes in...or if Vertex pushes out the debt until the $12m comes in...that deals with a great portion of the debt...thats really one hurdle...and since it appears all approvals on the congo side are complete, then its more like when... not if.
Contract delivey start date was announced to begin in second quarter...so april at the earliest...so thats not really a hurdle...
Now if restructuring occurs we all hope that happens
AFTER the $12m and we hope the share price rises to a new valuation first...that is definitely a risk...albeit short term provided the above occurs...
The second SDI is a bonus rather than a hurdle with respect to todays valuation...
What others am I missing...?
ctblizzard wrote: 7.3 million plus 25% interest due tomorrow. Most likely it will be rolled forward and worry is a bit less since they rolled the other debt forward. But if nothing happens deposit wise over the this week there should be a release regarding that.
Too many hurdles to jump through. No one expected this thing to be selling for less than it sold for with just an award and no executed contract. While people keep saying it is "de-risked" now there is a whole slew of other things hurdles to jump through. Down payment, start of contract, etc etc..
So what changed? Well leading up to the prior contract date months ago there was talk of a second SDI, numerous other smaller contracts , only one of which closed. Now we have this deal with a Russian company in Congo which has been close enough to close for 6 months and still no money and more debts coming due.
If the money comes through, the massive debt gets pushed out and it still does not move then that means there is something else going on like a private placement coming up or something. Even with all the buying most of the people here did and those who bought on the news and Gomes, this thing cant even manage to hold up.