GREY:XEBEQ - Post by User
Comment by
Mick67on Mar 12, 2021 3:52pm
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Post# 32787615
RE:RE:National Bank Credit Facility
RE:RE:National Bank Credit Facility Ferret,
Appreciate all your negativity, however I tend to look at both sides of the story unlike the spew your are throwing out there. I also like to know who's involved with the company and I don't think your financing comments or never profitable comments are correct. First I think you should take a long hard look at the Board - a few interesting names that will want to ensure this gets the proper helm at the boat (COO) and future profitability coming to fruition. They have a reputation here as well.
Also, remember the losses came from one business segment that is accounting for much less of their revenue then just 6 months ago, since they did the acquisition of two profitable company's in HyGear and Inmatec. I believe this will get turned around and fairly promptly and that the Board will bring aboard an A-grade COO. This is an unfortunate growing pain - and no doubt the share price deserves to be hit today - although I think this is a opportunity. A new COO with more stringent controls and sight line to profitability during 2021 should rebuild credibility and the share price. Im a buyer not a seller here and agree this becomes a possible acquisition target by the big boys loaded with cash. I'm not saying your wrong - but many of your facts are.