CT
It doesn't matter, I don't get what's so hard to understand ?
If they expire so what, holders got them for free, it cost the company nothing anyway
The ALTOA's could raise $8M if converted
They don't need that much cash if as the analyst predicts they will be selling in Brazil in Q3 and become cash flow positive towards the end of 2013
If they got converted it would be unnecessary dilution as I think they only need maybe another $300-500k to bridge them to becoming cash flow positive.
Also, the dead ducks reference. What have they said negatively lately, nothing. If this Brazilian deal gets signed and some more news on US negotiations and other pursuits in Asia, they have every chance of going 8c
Ann: Appendix 4C - quarterly , page-19
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)