Conference Call Only one question from Raymond James on cash position
Where were the other analysts ?
As CEO Chris Schnarr has proven he can deliver a slick hope driven sales pitch each and every time
I must admit he uses the Canola Protein world food panacea as a wonderful carrot for investors to hang to
however the reality is that 18 months of trying and no JV and now the selling of their last hard assets lleaves a potential cash crunch that may be out of their control as far as solvency goes
As a gamble this could work IF the money holds out and creditors oblige and or they get more financing but they are on their last legs and the market pros are not yet buying it
I guess if you are in- stay in as a chance event might work out but to put more cash in might be good after bbadam s just wait for an announcement of a concrete deal or more financing