Dynamic Technologies Group Inc - Class A ERILF

RE:RE:RE:RE:RE:Sent email

[Bobwins]

I believe that the increased bank lending facilities were mostly to help finance the company's growth.  Anytime you have annual sales that are increasing at $30-40-50 million a year, you have to have big financing capacity to fund the ongoing jobs until you get paid.  EIL is extremely fortunate that they are being financed by their customer deposits.  Otherwise, they would have had to issue even more shares to finance this huge growth spurt over the past several years.  

The better lending facility is an acknowledgement that the company has shed it's loser operations and is moving forward with profitable divisions.  I expect they will need bigger lending facilities in the future because of the size of projects they are building.  Imagine the payroll on that telescope project in Hawaii IF it gets approved and IF they get the job.