GREY:SMDWF - Post by User
Comment by
nu2meon Apr 01, 2016 10:44am
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Post# 24719609
RE:RE:RE:Clean Up is Finished Up We Go
RE:RE:RE:Clean Up is Finished Up We GoMy line of thinking was that during Q1 of 2016 management believed that they had enough cash on hand to get them to a deal. Then we had to halt as they did not get the deal done in time to get the cash. During the halt VID was not in the best position to negotiate. I believe they worked hard getting a deal done during the halt but could not not get it ironed out. They went ahead with the bridge loan with the mindset that a "deal" was close at hand. If there was nothing close for management to grab hold of I am not sure VID would be here now or as mentioned before still in halt. Not sure what or whom the deal will be with but we all know something has to happen soon or it will be very difficult to get more financing. Perhaps revenues are getting to the point of self sustaining and if that is what is happening then there is a better outlook for big deals due to exposure. Either way something has to give as this is a market area that is gaining a lot of traction and exposure. My humble opinion