TSXV:ATR.P - Post by User
Post by
NineLiveson Jan 28, 2005 2:22pm
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Post# 8504718
Some financial points
Some financial pointsFrom last Qtr statement//
Debt was 2,025 million, a revolving demand loan at prime + 3/4 (standard rate).
In November the firm raised $855,000 (which is almost half the debt owed).
At the end of September they had $167,000 in cash.
JMHO if growth continues then repayment of portions of credit will pose no problems. With interest rates static then no increase in interest expense. It's a fledgling firm & most start off with debt, having the owners hold so many shares adds confidence to my investment but programs change, so until Q4 is released it will be hard to gauge current growth rate. Please follow your own research.