GREY:SMDWF - Post by User
Comment by
prasaton Apr 27, 2016 7:55am
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Post# 24813934
RE:Seems appropiate
RE:Seems appropiateLove that song! Great group!
Steve and the board has done the right things to try to fix this sinking ship.
The problem here is that he's in a Catch 22 ....the reputation of the company has suffered with investors. Expenses has been cut down, but the real issue here is that they are still in a cash drought and there isn't anything that can be done unless they are able to convince investors to pony up the money.
This recent PP will buy them time to work on filling the original financing.
The company simply needs money in order to execute the plan.
Q4 results should show a decent gain in Revenues in line with what was forecasted, so we shouldn't expect any surprises as Q4 was still being run with a huge burn rate and limited revenues.
When the million dollar financing closes, then the company will have some breathing room and that is when the company will begin to flourish. We know they are having a hard time to fill it, so the question is, how long will it take them...?