Chalice Brands Ltd CHALF

cash positive

[slimjim11]

I expect Saladino, Cohl and Robinson would hate to issue shares in a private placement here, given that they have each bought shares at higher prices recently. How to avoid a PP altogether? Hustle receivables, stretch payables and manage the cash like crazy. Remember they've raised 7.5 million in March. Even if the rate of investment was still $1 million a month, even if the company doesn't go cash flow neutral until 1Q2017, we don't need another share issuance here. With the business operating at full tilt on every front, there is NO reason to do a PP here, there is no management desire to do one and my expectation is that there will not be one. If the market gets wind of the reality that there will be no more shares issued here, then the price action will get very interesting. I bought 65,000 on the open today.