Its hard to keep the boat moving when there's no diesel in the tanks, the company runs on gas not wind.....and we know they only had just under $5 million left when the calander turned to February, and that was good enough to get them into June anyway. I remain hopeful that there's a bigger payoff coming, but that they needed to keep the ship going.....
I just got back from vacation....gas was selling for around $1.25 on Manitoulin Island, but I knew if I got close to North Bay I could buy it for less than a buck...a much better deal. So I made sure I had enough in the tank to get me to the Bay, and then I filled up....a much better deal. Hopefully that was the case here....that they needed enough cash to get them to a point where the terms will be much better....if we get a positive FA I would have to think they'll be able to raise a lot more cash at much better terms.
We shall see...