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Cube Psytech Holdings Inc. T.P


Primary Symbol: P.CUUB

Cube Psytech intends to trade on the Canadian Security Exchange. There is no date set for the closing of their Initial Public Offering at this time.


P.CUUB - Post by User

Comment by Czicfwillgetermiton Sep 07, 2017 11:20pm
101 Views
Post# 26670033

RE:RE:RE:RE:RE:RE:RE:Primero Train Wreck 101

RE:RE:RE:RE:RE:RE:RE:Primero Train Wreck 101I was wrong about cash position at time of PR.  Looks like 12 million for sure on aug 9th.  Maybe more depending on what they mean by similar cash poition from qtr end. Here is actual pr.

Company's total liquidity position at June 30, 2017 totalled $22.1 million, comprised of $12.1 million in cash and $10.0 million available under its existing revolving credit facility ("RCF"). As previously disclosed, Primero extended the maturity of its RCF to November 23, 2017. Primero's current cash position is similar to its quarter end and the Company has fully-drawn its $75 million RCF.

As at June 30, 2017 there are $33.5 million in VAT and $22.8 million income taxes receivable outstanding. The Company has filed its VAT and income tax refunds in compliance with the Mexican law and is working co-operatively and more closely with the SAT. Subsequent to the quarter end, in July 2017 the Company received $2.4 million in VAT refunds. The Company is working with the SAT to arrange for the remaining eligible outstanding amounts to be refunded in due course.



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