GREY:GLKIF - Post by User
Comment by
BadMedicineon Dec 18, 2016 9:07pm
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Post# 25617444
RE:RE:Floridas2000
RE:RE:Floridas2000The latest raise was flow through wasn't it? Flow is limited to where and how it is spent. The concern here is that they may be covering one with another or spending it on Matheson or any other area where hard money must be spent, not Quebec flow. I'm trying to follow the money in the financials but so far haven't got a clear reconciling of the numbers but I'll keep looking at them trying to sort throught it. I'm not insinuating wrong doing here. I'm trying to get clarity on how funds have been used.
Look at the $4 million facility with Global that they announced, it would have provided hard money but they didn't draw on it, instead they go for more flow and couldn't even secure the sought after amount at that, why do you think that is?
Why couldn't they get the sought after $750,000 flow and why didn't they draw on the facility for the balance of $250,000?
Something seems odd when it's clear they need money yet they don't access the facility.