GREY:LFDEF - Post by User
Post by
goldspeculator1on May 14, 2018 9:39am
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Post# 28025908
Financing sign-off
Financing sign-offAssuming they are able to close. Yes that might be a long assumption but for the purposes of my post lets just assume that is does. I don't think it is really worth debating that point because it will just kick off another round of wall screaming on this board that doesn't really accomplish anything. The real shame of this board is that there seems to be a few posters that wipe out any real discourse here and as people don't take advantage of the block feature any worthwhile commentary is lost.
The key to actually drawing down on the capital to get this going is increasing the number of signed contracts for Urthedaily. From Clarus' comments it seems that they need a fairly significant increase on that front to get going.
If the company is going to get any sort of momentum that is where it is going to come from. I wonder how their sales pipeline is holding up on that front and if the signed financing does come to fruition if that will be seen as an inflection point for buyers on the sidelines to stepup and execute further contracts when the financing is secured.
Sure it will be fine to celebrate the financing but the real work comes from receiving more binding commitments on the commercial side. I hope that there is some focus on that during the conference call tomorrow.
Best of luck all