Company is in a tough spot).
Now just six weeks (approx, based on last quarter's guidance) of cash reserves left.
The company has acknowledged that it made a terrible mistake leaving the last CR to the 11th hour (the SP was obliterated as a result). This will surely be at the forefront of their mind. Yet a raise at this price (priced at 4c with oppies thrown in?) seems equally unthinkable.Giving more of the company away for peanuts and adding to the constant trend of lower and lower raises.
In any case - the company will need to make a call one way or the other within the next week or so. Damn shame that it continuously seems to find itself painted into a corner like this. Always misreading the situation over there are left reacting to circumstances rather than controlling them,
Company is in a tough spot).Now just six weeks (approx, based on...
-
- There are more pages in this discussion • 236 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
