GREY:STTYF - Post by User
Post by
materialsgirlon Aug 19, 2013 8:41am
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Post# 21680202
You can't get there from here
You can't get there from hereThe SND businesss model is based on sound principles. The challenge now is that the better part of $100m has been frittered away into uncertain or nearly dead assets. The share price is way down and the bank balance lacks funds to do new deals. We are at a standstill.
It is a classic case of looking ahead at opportunity but being unable to participate. Within a year or two if Donner or Colossus or something catches on fire then the wind will be at our back and this could get us going again. This has a good chance to happen and with a possible $3 share price there could be a new public offering
In the meantime SND cannot be proactive in doing new deals. There simply is no available money.
Mat