Posted On: 03/01/2016 11:22:06 AM
Post# of 247
the issue stems from aged debt that is converted according to the terms of the debt note. As per the recent PR, the company estimated a PPS for the sale of the debt to keep the OS from increasing and needing more than 200m AS. As the PPS has dropped, an AS increase has been needed.
Major debt reduction is expected to be shown in the forthcoming audited 2015 10K + 1Q 2016 combined financials...
They have also moved away from equity financing which is huge!!
Major debt reduction is expected to be shown in the forthcoming audited 2015 10K + 1Q 2016 combined financials...
They have also moved away from equity financing which is huge!!
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