NRsThere we go. The corporate update pretty well only dealing with the covenant breach issue. They are continuing to work with the lender, not unexpected. And wounding up Global, a couple of years after the acquisition. So, paid good money for it, lost money on executing its contracts, and now getting rid of it all together. Related losses all around on that initiative.
$5 million private placement with 5 year sweeteners. And then repricing of some warrants from $1.75 to $0.81 for a period of 5 years.
So, to NJ's comment about turning the corner? Yes. But I think it will take a few quarters for all this to play through and see what the real revenue base is to figure out what kind of a company and investment KNR is.
Over to YawningYank to provide his perspective....on the posters of this board.