TSX:TPS - Post Discussion
Post by
Phonse47 on Sep 06, 2011 12:26am
an opinion
12.4 million (Canadian) amended loan agreement! This is significant and neccessary for TPS to deliver on its expanding pipe line of new orders. TAO, wholly owned by Vale ( among the largest mining companies in the world), did its DD. I am also impressed with the line up of expertise on the board. The next few quarters will be very interesting. Look for increased production abilities, increased sales and wait for it..... net positive earnings. Dividends by 2012. Go TPS!
TPS, the innovative electrical machines and electronic systems provider, announces that its wholly owned UK subsidiary, Turbo Power Systems Limited, has today entered into an agreement to amend its existing loan agreement with TAO Sustainable Power Solutions (UK) Limited ("Tao") (the "Loan Agreement"), so as to extend its finance facility by a total £1,500,000, up to £7,800,000 to fund and facilitate the further growth of the business.
Be the first to comment on this post