Lifo....Brad has raised some odd comparisons with BQT...god knows why.
But since he has.
BQT does NOT have any loans.
SKG have a $850k loan with a further $20m credit facility.....all of which cannot be touched until SKG repay the $850k
BQT does NOT have any debt.
SKG have $850k at 12% plus a further 6% share discount
BQT has plenty of cash .
SKG has none (after paying the loan back)
BQT are announcing deals ONLY when purchase orders are received.
SKG has announced a $29m deal with NO order or money.
BQT are dealing almost exclusively with Fortune 500 companies and Governments
SKG are NOT.
Now of course BQT is a spec stock and i have made it publicly known they need to announce a major deal to move the to the next level.
I would rather wait for BQT to deliver then wait for SKG to deliver this $29m from the Russians.
On balance Genner has delivered what he said.
SKG have promised something and are yet to deliver.
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