$OCLG Erwin also noted, "We had an extremely pr
Post# of 178
Posted On: 07/26/2015 2:39:31 PM
$OCLG
Erwin also noted, "We had an extremely productive 3rd quarter with strong revenue growth and debt reductions and we are on track to close out our fiscal year with great results.
We recognize that we have been delayed in closing on our acquisitions as previously announced and this has caused some to doubt our ability close on these acquisitions.
It is important to note that we will not enter into poor financial arrangements with lenders or acquisition candidates that will not provide positive results for our operations regardless of outside demands. In particular, the delays encountered are due to our final diligence analysis and results, primarily on asset verifications, discounted operational cash flows, and lender expectations on the internal rate of return on capital provided.
We continue to work closely with our lender to work through these issues and, although we don't have a specific time line to announce at this time, please know that we recognize the importance of growing our business revenues, the continued revenue growth of our business units organically, while at the same time reducing our company debt levels.
This is not an easy task and often we are required to utilize our company equity to obtain the capital we require for operations. Although we have needed to do so, it is our primary intent to pay off these debt instruments prior to them becoming due whenever possible.
With the continued improvement in our revenues, operating margins, along with our acquisition and growth plans, we are confident that our stock values will rise from its current, low levels. The Enterprise Values of the Company remains evident."
Erwin also noted, "We had an extremely productive 3rd quarter with strong revenue growth and debt reductions and we are on track to close out our fiscal year with great results.
We recognize that we have been delayed in closing on our acquisitions as previously announced and this has caused some to doubt our ability close on these acquisitions.
It is important to note that we will not enter into poor financial arrangements with lenders or acquisition candidates that will not provide positive results for our operations regardless of outside demands. In particular, the delays encountered are due to our final diligence analysis and results, primarily on asset verifications, discounted operational cash flows, and lender expectations on the internal rate of return on capital provided.
We continue to work closely with our lender to work through these issues and, although we don't have a specific time line to announce at this time, please know that we recognize the importance of growing our business revenues, the continued revenue growth of our business units organically, while at the same time reducing our company debt levels.
This is not an easy task and often we are required to utilize our company equity to obtain the capital we require for operations. Although we have needed to do so, it is our primary intent to pay off these debt instruments prior to them becoming due whenever possible.
With the continued improvement in our revenues, operating margins, along with our acquisition and growth plans, we are confident that our stock values will rise from its current, low levels. The Enterprise Values of the Company remains evident."
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