That is a considerable step forward for the company. Looks like they are on the cusp of considerable growth with all the pieces in place. Given that growth has be constrained by the limited capital and the repayment of loans, they now look to have clear air to fund the deposits and the working capital that will see them achieve the targeted $50 million revenue with a conservative 8% edit margin. The delay in contracts provides a window for buying at these seemingly cheap prices. The work is there, the team is in place and now the funding has been secured...could be a very rewarding ride from here.
EGL Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
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