RE:RE:RE:RE:Anybody thinking of a chance of dividend reinstatement?Actually this is one of the better companies for sharing information I've ever tracked..
Check the MD&A (usually where good information like this can be found) Page 7, 2nd Paragraph... When you look everywhere, start on SEDAR documents lol
I don't think they will be debt free, they will just have no ongoing debt commitment payments, I believe how I understand it... They frequently draw on other facilities which they also mention in the document due to the bulkyness of when they purchase new materials and when they get paid from customer orders... For the most part they live hand to mouth when possible.
Also thier biggest issue seems to be getting caught up on orders, They are still behind in this report, but it is based on end of March, so it shows no signs of catch up yet, which hopefully in the past 3 months they made headway on which we may hear about end of this month or whenever the next report is that ended June.
Also it seems they aren't overly committed to returning to the dividend in the near future as they mention they are looking to use the next profits of around $300,000 on Equipment upgrades over the course of the next year and then look at returning with the dividend in what would hopefully be a more secure future for it. So I would say it might be 9-18 months before we might get a sniff at anouther dividend if I understand correctly.