MHS, while I disagree with Larry view on VLNC's finances, I believe that the IDB money, while available, should be used to support increases in working capital. If we indeed reach positive cash flow (which I believe will require an annual sales rate of around $75 MM), we will need to increase working capital by at least $25 MM to support increased inventories and accounts receivable. The figure might be greater if we will need to "quarrantine" production for a month for QC purposes, as was mentioned some time ago.
On the side line right now, pending some kind of resolution of INCA's and others machination. $15 actually held again (yes there was an excursion under $15, but I, for one, could not get filled on an order at $14.875, not even a partial, telling me that mostly the MM's bought those shares
Zeev |
