On the bright side, take out the interest repayments and we are traveling in the black already. If they can refinance then that will certainly help us getting to profitability. What I don't understand is whats taking so long for this to happen. I would suggest that banks want to see a couple of quarters cash flow positive before signing on. Or a license deal guarantying income revenue. So they are in a holding pattern regarding this . But, once we get cash flow positive things could move very quickly, blank ink in the ledger followed by refinancing (an extra 3/4 M straight to the bottom line) followed by a license deal or the long awaited military contract.
I like to here much more regarding the finance at the AGM, clarity is needed as to why they are struggling to deal with this in the current climate of low interest rates.
AJX Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
