GREY:DLTNF - Post by User
Comment by
DownGoesDeltaon Dec 09, 2020 11:49am
78 Views
Post# 32067721
RE:RE:Down Goes Delta - Shorting
RE:RE:Down Goes Delta - Shorting
unoriginal_username wrote: Ok so you can read . What's the 5 million for if not expansion and future earnings . Do we have only debt and treading water to look forward to or can we add new money from the containers and new retail stores . Thanks for the reality check but I like Delta's future and will keep averaging my position. Hum Bug to you lols Glta
Revenue will go up, cash position will go down. Liquidity is becoming an issue as credit facility funds fall below the amount to pay back debentures.
After over allotment 5 milll cash raised liquidity for 4.5 months. Open SEDAR go to Decision Documents. 3.5 million is allocated to working capital (salaries, debit obligations, operations).
There is no lock-up period on prospectus shares.
DownGoesDelta