yes, MXQ needs to improve its credit rating first in order to refinance the existing loans, which means they need to get in cash and improve the overall gearing % . the market knows that credit is getting easier for small co. and the margins coming down. if things remain stable they should be able to become profitable again once lower int rates are negotiated. the guess is when that might happen, what new int rate and how much capital will be available to us. its all guess work and there are still plenty of things that can go wrong! make no mistake this is still a high risk investment.
MXQ Price at posting:
15.0¢ Sentiment: None Disclosure: Held
