RE:RE:read the transcript ... going to the big board ?Many positives from CC:
a) TSX listing 8 to 10 weeks - I have a feeling it will get listed by May 10th.
b) they started giving forward guidance 12 to 14M for Q1
c) 2017 had lots of turbulence on the cost side due to R&D issue, all that is over and we start with a clean slate on the cost side
d) cash used for? CEO said M&A twice- it seems that is what board told him to focus on. CFO too said M&A.
e) They had a $1M line of credit which was closed. reason they changed banks. CFO kind of said that if M&A happens they will explore capital structure and probably line of credit will come into picture.
f) Cash hoard is expected to increase by 2 to 3M per quarter that is the normal run rate.
Negatives:
f) Customer concentration risk - major 4 customers
g) FX risk- 100% of their revenue is in USD and 30% of costs in USD. CEO downplays the risk of loonie appreciation and informs that CFO is exploring ways to hedge. Did not give much details around hedge.