RE:RE:FWIWIndeed the darn Convert will become a current liability ...near th end of June...However the second Quarter ended May 31 willstill show a positive working capital...So it sort of means that they need to be able to refinance the Convert or renegotiate the terms before the end of August (3rd quarter) Otherwise the Balance Sheet will show a serious working capital deficiency
I have very little trust in the CFO s ability ....but a lot of trust in the CEO......
jeffm34 wrote: It's really mind boggling how this company thinks they can keep spending like drunken sailors with so many new hires. Is there anyone there that has any business sense at all. In just over 3 weeks the company will have negative working capital. Any hope of positive trial data coming out before the next financing is out the window. The only way they get more money is at the expense of current share holders.