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NTG Clarity Networks Inc V.NCI

Alternate Symbol(s):  NYWKF

NTG Clarity Networks Inc. is engaged in providing networking solutions. The Company provides telecommunications engineering, information technology, networking, and related software solutions. It operates through two segments: Canadian segment and Egypt segment. The Canadian segment is made up of activities in Canada and its offices in Saudi Arabia and Oman. The Egypt segment is its software development group and also provides professional services, offshoring services and network services to customers in Egypt. It focuses on commercial off the shelf products, serving multitude of industries, covering enterprise management solution via its flagship StageEM Enterprise Management, NTS-Billing, NTS-Inventory Management and Control, NTS-Workflow Management, NTS-Partner Relationship Management. It also provides end-to-end services including customized solutions development, such as software, Web, applications, systems integration, testing as a service (TaaS), outsourcing, and consulting.


TSXV:NCI - Post by User

Bullboard Posts
Comment by CH4RTQU4NTon Mar 07, 2014 3:00pm
210 Views
Post# 22296078

RE:RE:RE:RE:RE:Let's hope you're right

RE:RE:RE:RE:RE:Let's hope you're rightIn my opinion RBC wouldn't grant a LOC/bond facility based on one short term financial statement. Like any other risk opportunity, lending institutions employ a rigorous set of criteria which applicants must meet in order to be granted funding over a long period of time. Securing a credit facility and refinancing the existing debt at a lower rate means that RBC deems NTG low risk and highly credible. I don't think this credit facility will be accompanied by equity financing based on Ashraf's large position and frugal nature, maybe later on as the company expands, but we'll see. I don't think it was a coincidence that the last big buyer was RBC either. Most Venture companies aren't even breaking even and have to dilute to grow. We are turning a profit and have convinced an institutional lender that the company is low risk. There is much more to the story here, but right now I am impressed.
Bullboard Posts