Fuse K interesting paragraph: “Our primary so
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Posted On: 03/21/2019 9:55:35 PM
Fuse K interesting paragraph:
“Our primary sources of liquidity are cash from our operations and our RLOC with Amegy Bank. At December 31, 2018, our current assets exceeded our current liabilities by $10,051,117 (our ‘Working Capital’), which included $844,314 in cash and cash equivalents. Cash from our operations supports commissions, payroll and human capital, and professional fees, while we rely on the RLOC for capital expenditures and day-to-day Working Capital needs. As of March 14, 2019, we had approximately $853,000 in available cash, and $1,781,000 available on our RLOC for borrowing (subject to certain borrowing base limitations). Borrowings on our RLOC are repaid from cash generated from our operations. Mr. Brooks continues to personally guarantee fifty percent (50%) of the outstanding RLOC amount.“
Interesting in a positive way. We await to see this deal formally close.
“Our primary sources of liquidity are cash from our operations and our RLOC with Amegy Bank. At December 31, 2018, our current assets exceeded our current liabilities by $10,051,117 (our ‘Working Capital’), which included $844,314 in cash and cash equivalents. Cash from our operations supports commissions, payroll and human capital, and professional fees, while we rely on the RLOC for capital expenditures and day-to-day Working Capital needs. As of March 14, 2019, we had approximately $853,000 in available cash, and $1,781,000 available on our RLOC for borrowing (subject to certain borrowing base limitations). Borrowings on our RLOC are repaid from cash generated from our operations. Mr. Brooks continues to personally guarantee fifty percent (50%) of the outstanding RLOC amount.“
Interesting in a positive way. We await to see this deal formally close.
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