Buyers who are aware of QTRH situation on all of companies divisions are not the ones selling.IMO
The market does not generally not take kindly to companies who raise debt. QTRH did not in my opinion raise 50 million for general operating purposes. We had ample resources to fund operations. This is not my opinion but based upon the following facts>
As at end of Q2 we showed working capital ( Receivables - Liabilities) of 138 million.
Deduction 75 million advanced to purchase ETC and we still have 64 million.
Add Q3 should show additional cash and working capital.
SO IF WE DID NOT NEED CASH FOR GENERALLY OPERATING PURPOSES, WHY WOULD WE
RAISE ADDITIONAL 50 MILLION. along with SElf financing???
The shorts are just playing daily game and when announcement comes re use of funds and Q3 ,there will be hugh shortsqueeze which will drive our shares to new levels.
Just be patient and do not sell shares into speculative hands. I find it very difficult to accept that after 2 months of ETC and examination of ETC records that QTRH ITS would be embarking on a major
acquistion without knowiing use of funds. IMO--- ETC must have exceeded their expectations or they would not be arranging their ducks to pull off major coup. Paul and his staff must have done above and beyond due dilegence to convince Executive management and Board to
proceed with acquisition.
Just like V-g in his opinion says - Don't sell into speculators. Sit back for next 30 days and then decide if you want to stay.