RE:RE:RE:RE:No announcement of a pp yet??@JustStartingOut.
I agree, and so does Nexoptic. In their latest MD&A, they admited that the company WILL REQUIRE additional financing. Here is the quote:
"The Company will require additional financing to implement its business plan. The Company may raise additional funds through gap financing, debt financing, and/or subsequent equity financing. The Company may also borrow funds from a financial institution(s) using the assets of the Company as security for said loan(s). "
The only problem is that given the current state of the company and their history, raising funds at this stage will be extremely difficult.
Cheers.
JustStartingOut wrote: Look at the quarterly balance sheet. Net assets are dropping and current liabilities are going up. They have to raise money or go under.