PINL:HERTF - Post by User
Post by
BobGreenfieldon Feb 07, 2020 9:18pm
38 Views
Post# 30661305
Sharples conflicting cash on hand description.
Sharples conflicting cash on hand description.Midas Letter tapes an interview with Sharples on what was reported on CEO.ca to be on Monday or Tuesday ........ Jan.27 or 28.
Midas Letter broadcasts the interview on Friday ...... Jan.31
In the Midas Letter interview Sharples says the company had about $8 million in cash with zero debt but that was going to change as the company was going to take on some debt shortly.
Monday ......... Feb.3 ......... Sharples puts out a press release detailing a debt facility of which it is disclosed the first tranche of $4,875,000 was advanced to the company on Thursday ....... Jan.30 ....... the day before Midas Letter broadcasts the interview with Sharples.
Sharples interview today discloses that the company has about $8,000,000 in cash inclusive of the first tranche of earlier received debt monies and would have about $10,000,000 cash after the second tranche of $2,000,000 or so.
Seems to be some conflicting information. Sharples might want to provide clarity to this issue.