One thing concerns me is the debt. If I understand correctly, they have borrowed $56m and the loan will mature on 5 June 2017. That's less than 18 months away. So my question is what is their plan around this? There is no way they can repay with their current cash flow and chest. My guess is they will either kick the can further down the road (refinancing their loan at higher rate?), or do a CR which will dilute share holding for everyone.
Any thoughts?
One thing concerns me is the debt. If I understand correctly,...
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