RE:RE:RE:RE:RE:RE:RE:RE:Going concern? Definitely not the last financing...hrgoyal wrote: Even as per your calculations this capital raise is required to meet next 12 months cash flow obligations & this is not for future M & A. IMO Well will require substantially bigger capital raise before the year end
It was only required if they didn't renew their credit notes. If they roll their debt into new ones, they'd have an extra $65M on top.
I'm not a fan of the share issue they did and I said exactly that last night. It does shake my confidence in management's ability to increase shareholders value through cheap dilution.
To the question: do they need to issue shares and dilute? The answer is they don't. However, like we've seen, it's not because they don't that they won't.