OTCPK:NCNNF - Post by User
Post by
sim_1on Oct 09, 2019 8:48am
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Post# 30211056
The fact that NRTH has cash and deals
The fact that NRTH has cash and dealsWorth 30 to 40 millions this Financial Year will make all the difference; Half of current LPs have less than six months of cash on hands and this morning TGOD reminds us again how money has become scarce in the sector. NRTH has the resources because they were able to raise money at very good terms last spring and subsequently accelerate warrants - They may have been lucky at the time but now it allows them to keep going with their strategy without worrying about the markets; Major write-offs and bankruptcies are coming in the sector, you can almost be sure of that... but at the end of the day the current bloodbath in the sector may be good for those who survive...