RE: SMY and Equity Financing?Review the Report by D'louhey Merchant to get a feel for what's ahead. If you don't have one email SAMsys IR or PM me and I'll pass you a copy.
As for PPS movement, your guess is as good as anyones's.
IF we needed some extra cash it wouldn't be until the later part of 2005, thus PPS should be much higher than today's and on the upswing. The momentum would carry us through.
I'm of the belief (right or wrong) that we are close to a NR that will represent a material change to the plus side.
I think it's a little harsh to say Cliff would be "forced" into a round of financing. He seems astute enough that he will be ontop of the financials before he is forced into doing anything.
My opinion only and I do own SAMsys
John