RE:RE:sale of latin business- cash on hand -riddle
the last q3 -Nov 2013 ..they said that the company will be saving 8 million annual by reducing from 40 to 24 warehouses....they also said that they are planning to bring that figure to approx 5 warehouses by end of Dec 2014. MORE SAVINGS
This Steve Richards sounds very confident in his approach.... he knows that the debt is what is holding the company share price a bit down. he sounds like he is knowing what he is doing.....
New Premier contracts are being actioned as we speak but i dont know who they may be..... he also, mentioned that he is planning to tackle the local markets which he knows what there is potential....
furthermore, Steve Richards did say that Phase 2 will be completed by June 2014.
in the last conference call, he said phase 1 will be completed by end of Nov 2013.
i am hoping that they will be accumulating cash on hand....how much they have i am not to sure.....based on Q3 and the sale of the company i think it is close to 40 million..... JMHO ...only time will tell