AVR anteris technologies global corp.

Wayne promised no CR, page-7

  1. 13,958 Posts.
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    WP once said the previous regime was on the verge of bankruptcy. It might be argued with a cash balance of $2.8 million and a number of covenant breaches we were sailing pretty close to insolvency ourselves. PFG may well have called in their loan at any time. On a lousy $5 million drawn amount.

    If one were evidence-based and data driven, one might say this CR was about plugging holes rather than funding new opportunities...
    Last edited by cgt2009: 10/05/18
 
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