GREY:LFDEF - Post by User
Comment by
Electrofuelon Apr 03, 2018 10:25am
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Post# 27820126
RE:Going Concern and conditions
RE:Going Concern and conditionsYes, they need to explain how they will address the burn rate. 4MM plus a month! I suspect that if the financing finally goes through that UR has demonstrated to backers how it will continue as a going concern to it's backers. It may also suggest there is something going on that we are unaware of that will address the burn rate. Maybe something the special committee is working on. At any rate, if UR survives this, it will be dead money for a long time and I would suggest share consolidation in the future which typically means another share price drop.
investtoretire1 wrote: I think its over. There are way to many conditions in order to drawn down and they owe 4M illion euro in June and 4 million in December plus losing 4M a month from exisiting business. That means they need approx 48M CAD this year just to run existing business and service debt