"The previous management team had entered into som
Post# of 96879
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Posted On: 05/16/2017 8:18:01 AM
"The previous management team had entered into some contracts that were not sustainable and
while those agreements have been defaulted on, we are working to bring them to a conclusion.
This required the issuance of shares as well as a substantial cash component that we are hoping
to complete by the end of the month, putting these legacy deals behind us"
Yes, I would be ok with that too. But the issuance they are referring to here is to cover debt. Completely different and the same reason for dilution from years passed. I think they are on the road to recovery but they need to stop sugar coating it.
while those agreements have been defaulted on, we are working to bring them to a conclusion.
This required the issuance of shares as well as a substantial cash component that we are hoping
to complete by the end of the month, putting these legacy deals behind us"
Yes, I would be ok with that too. But the issuance they are referring to here is to cover debt. Completely different and the same reason for dilution from years passed. I think they are on the road to recovery but they need to stop sugar coating it.
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