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Bullboard - Stock Discussion Forum Nordex Explosives Ltd V.NXX

Chemicals Specialty Chemicals
"Nordex Explosives Ltd is engaged in development, manufacturing and resale of explosives products in Canada."

TSXV:NXX - Post Discussion

Nordex Explosives Ltd > No cash
View:
Post by valuedude1 on May 04, 2015 8:49pm

No cash

Can they even pay salaries? They have no cash. It loos like the fully utilized their debt avenues. Where do they go from here?
Comment by Bboomer2 on May 04, 2015 11:17pm
For several years now, Nordex has depended on cash flow to pay bills.....no cash in the bank.. On one management list I saw Tom Gannon was shown as the CFO but his name doesn't appear on others.   Is he still involved with the company?  If so, it's incredible that this mess happened.   
Comment by Bboomer2 on May 04, 2015 11:17pm
For several years now, Nordex has depended on cash flow to pay bills.....no cash in the bank.. On one management list I saw Tom Gannon was shown as the CFO but his name doesn@t appear on others. @ Is he still involved with the company? @If so, it@s incredible that this mess happened. @@
Nordex Explosives Ltd
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