Good morning to all and welcome to the new company name. HIGH COM
Just thought I would start a thread for people to use.
I did send an email to management with regards to the posters talking about the $6m cash position and a possible cap raise. I won't post what the email said, but the tone was that there is NO CAP RAISE imminent unless for a strategic investment, they are managing the cash well and there is a hell of a lot of work and discussion occurring. I asked about the quotes for the entire inventory. The reply was that testing of products takes time and longer now in troubled area, but it was progressing. Finally, I asked about the $2m per month statement on the ballistics comment from AGM. The answer was that that is the core number and they planned to grow that to $4m- $5m per month and also did not take into account one off large orders which come at random times in the year. Also need to add the technology Saas to the numbers.
FWIW, this management team have only been in charge for just over 12 months and have done a great job. For my money, I am happy to stay for the ride over the coming years.
HCL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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