We got a bit of info from the top. Apparently Mr.
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Posted On: 09/24/2017 3:56:25 PM
We got a bit of info from the top. Apparently Mr. Gurba was contacted by one of the shareholders, and was good enough to reply. He will be giving another one of his radio interviews with updates on the direction of the company, its debt, future expansion, etc. sometime in the first half of October.
Apparently he will tell us its a combination of efforts that will set us on the correct path. The rermaining authorized 900 million AS we have, in conjunction with quarterly revenue will gradually deal with the toxic debt.
The several divisions which are not generating profit after expenses (machinery, etc) will be sold. Transportation expansion will be covered partially from yearly revenue after expenses,and partially from future bank related borrowing (probably on hold till we stabilize things a bit).
The debt for preferred shares A & B is likely DOA. Long story short: There is not one single event on its own that will make us profitable. Just a gradual process.
Apparently he will tell us its a combination of efforts that will set us on the correct path. The rermaining authorized 900 million AS we have, in conjunction with quarterly revenue will gradually deal with the toxic debt.
The several divisions which are not generating profit after expenses (machinery, etc) will be sold. Transportation expansion will be covered partially from yearly revenue after expenses,and partially from future bank related borrowing (probably on hold till we stabilize things a bit).
The debt for preferred shares A & B is likely DOA. Long story short: There is not one single event on its own that will make us profitable. Just a gradual process.
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