What's your grounds for claiming a CR will come soon? Merely that current cash balance, or something more?
VOR only recently raised a shedload of cash to fund the TSI buyout. If, when raising, VOR management did not properly consider VOR's near- and medium-term operating cashflow needs, that would be a surprise. That said, perhaps the ramp-up of the CBI contract will drain more cash than VOR could reasonably have anticipated when they were planning the buyout (keeping in mind VOR's commentary about the number of ATMs encompassed by that contract). If VOR did execute a small raise to cover that off, that might be fair enough.
VOR Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
