RE:RE:Credit AmendedThis takes the pressure off of the near term JB and allows for a much improved ability to repay obligations as the company ramps up to full production and as operations are realizing profit within a quarter or two, an increasingly more managable short term debt repayment plan of which with more cash in the till exponentially up to full production increasingly makes all operations free to expand and with that additional cash to minimize borrowing and repay the obligations with the minimum of interest paid.
FIRE's balance sheet will be sweeter Q over Q going forward and will show a much stronger and well positioned company than most if not all in the sector as they continue to right size and show losses Q over Q this contrast will be reflected in overall company worth/ value which will provide better than average lift in SP. Add most all the cap ex is in place and there should be nothing further required for the period and if so it will be generating the revenue needed to off set any additional debt that would be required.
Beena/team can focus full time on growing market share and SH equity while most of the sector will be right sizing and trying to survive, never mind realizing profit. Just to be able to restucture debt in the current economy in this new sector speaks to strengh and ability to repay....now Beena is showing them the latest numbers of course but the strength and success of the company today and the potential going forward is what is the driver. JMHO...Opt
JiffBeasauce wrote:
why is it you see this as strength?