RE:Another problem – The cash balanceI just listened CC. Management is not expecting any thing in Q4 except some big order. Management is expecting or promising record 2020.
Company may very well have cash problem or not. At this stage it is a sepculative hold. I got in at $3.0 and lost 85% of my value. May lost all or recover some. Will hold for 2020
GLTA
kidl2 wrote: Had a quick look at the balance sheet purely out of curiosity since BUS is still on my watch list.
They are down to $500,000 in cash. Receivables and payables are a wash. Inventory is up to over $18 Mil and their credit facility is coming up for review Dec 31, 2019 when the covenant waiver expires.
If the Royal Bank doesn’t extend the waiver / pulls the LOC, they will be in big trouble.