Attended the meeting today. Feeling a bit more confident that they won't be closing the doors any time soon. Still a way to go before they are out of the woods but are getting good feedback on new audit function which gives some very good efficiencies.
They are not getting rejections on sales but the wheels move slowly.
They seem confident that they can raise the capital to stay afloat but things will be tight for a while until the strategic review progresses.
Bct is a very small company playing among giants.
The old story, can they get the capital to stay afloat to make the sales to generate enough income to pass expenses while remaining on their feet.
It is clear that small investors wont throw in any money until sales are up. A bit like a dog chasing its tail.
GLTA
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