Another big question here....They stated that they are looking at acquistions totally more than 40 million revenue per annum.
How are they going to do them with 12 million on hand, let alone 5 million as stated. They are talking a combination of cash and shares for doing the existing LOI' I don't like issuing shares at these cheap prices regardless of how good a deal it is. You use the cash when your PPS is depressed like it is. Use shares once we get the price up closer to where it should be. Options at higher prices would be a better idea - anything but cheap shares. Using the company as an ATM is a part of the reason this company got in trouble in the first place.They are already being a little too generous imho with the IR firm they hired based on the results but my opinion can change quickly if they start earning their money.
A major increase in PPS is due pretty soon or they are going to have to issue a lot of shares to do this amount of acquisitions Maybe that us right around the corner.
I am a very longtime long so don't anybody here call me a basher. I and a few others I assume might want a clearer picture on how much, when and how.