My DD on Cashflow and Dilution From the November MD&A.
The Company continues to have good liquidity, even during these trying times of economic uncertainty and instability. Of the Company’s $12,788,235 of assets, $9,291,879 is classified as current assets, which includes $2,353,938 of cash and short-term investments. OPEL now has several significant orders on its backlog to be delivered throughout 2011 and into 2012 which will generate significant revenue, a fully commissioned solar installation in Spain with an approved tariff rate to be sold to a third party, which collectively will provide the Company with sufficient cash and revenue growth to support itself and cover its liabilities over the next twelve months and beyond even if the economic down-turn should continue.
I am confident that the solar revenues will be sufficient to minimize dilution and the line of credit use. I also read more and learned that the LOC agreement is 100% based on receivables.