OTCPK:RKNLF - Post by User
Comment by
factRbeston Oct 27, 2016 11:18am
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Post# 25392588
RE:RE:Well RKN can always
RE:RE:Well RKN can alwayskevinNash - (10/27/2016 11:01:22 AM) RE:Well RKN can always Great points FactsRbest, they could very well go down this route but let's hope it's at a point where a very big contract confirms a turnaround is for real.
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The thing is the financials are creating a restriction which makes it harder to do business.
Many things can change that can derail this such as a forex swing which is completely out of RKNs hands.
With only 50 million dollars as an overhang and slightly morthat a 100 million O/S the saving in debt payment make this option very attractive.
For some reason companies only see RO's as a last resort. Something like an extortion demand from existing shareholders. The companies who go this route when the financial are sound less debt always turn around.
It is the restrictions of the debt that slows the recovery more than advancing the busiess.
With the reduction in expenses they announced and add to that the immediate elimation of debt and this thing is worth 4 bucks again.
Even the scalpers would be happy they did not scalp.