Verde Agritech Ltd T.NPK

cash increased to 9 million cd$ last quarter

[rudinm]

Well tue silver lining for me was even a loss , cash position increased to 9 million cd$ if i am not mistaken. That is good and a company in reality bad shape wiuld decrease cash position!!! So i think even it will take time but the worst at least has been discounted in the stock price

[Benedictus]

Yes, cash position and working capital improved but  the statement of cash flow shows why... Operationally they are bleeding and the cost of debt is onerous. It's merely due to financing and adjusting loan duration mix that they are buying themselves time for a hoped for turnaround next year. Us longs should be relieved by current liquidity but not delude ourselves. Paying 2X the

[rudinm]

So ture and hope they can meaningfull pay down that credit the next 2 years....