Post by
alleyesonme on Nov 12, 2021 9:32pm
UGE announces closing of 2m debenture...
At 530 on a Friday...lol...yucky.
Comment by
alleyesonme on Nov 13, 2021 10:37am
Terms look good.. I think they will be able to either redeem with positive cash flow 2023, or at least with a capital raise at a much higher share price..annual cash burn has improved and 2.5- 5m is stomachable until profitability...looking forward to Q3 but not expecting show stopping results.
Comment by
BCdude on Nov 15, 2021 2:47pm
I agree. The terms look good, and it appears to be a decent (and right-sized) stop-gap measure to get them through to higher cash flows and, presumably, share price.