RE reality check.....SA is moving NHC towards profitability in Q1 2003. The reason for the bridge financing was to avoid unwarranted dilution considering the aforementioned.
Personally I do not expect are want additional equity financing. Considering the order books propensity to gain weight of late an equity financing can be easily avoided with the 1 million bridge provided by management.
With a few more orders and and accounts receivables coming in on a regular basis, NHC and the banks should be able to come to terms on a revolving line credit eventually.
Go long and prosper!