anonymous
Guest
anonymous
Guest
First of all I like to reassure the employees that we are not shutting the doors in the near future. Your continued hard work on a daily basis is very much appreciated. Since we are a publicly traded company, I must be careful in what information gets shared.
As you know, we have been attempting to find a strategic partner or buyer since February. Although several opportunities have not panned out, we will continue to explore this option in the future as a possible solution. In the mean time, our main focus is on improving operations and sales to improve our financial situation. Including meeting our debt obligations to our creditors.
For those of you indicating that we are in a financial cash dire situation. I will not lie and say that at the current state, our cash on hand is very good. As it is not. However, we have options to raise needed cash through a future stock purchase offering to the general public, as well as debt restructuring and financing.
So the doors are not shutting as rumors are speculating. We will continue to explore the above options to raise needed cash as we as a team improve our financial situation to make us look attractive enough to draw real interest from a strategic partner or buyer.
As you know, we have been attempting to find a strategic partner or buyer since February. Although several opportunities have not panned out, we will continue to explore this option in the future as a possible solution. In the mean time, our main focus is on improving operations and sales to improve our financial situation. Including meeting our debt obligations to our creditors.
For those of you indicating that we are in a financial cash dire situation. I will not lie and say that at the current state, our cash on hand is very good. As it is not. However, we have options to raise needed cash through a future stock purchase offering to the general public, as well as debt restructuring and financing.
So the doors are not shutting as rumors are speculating. We will continue to explore the above options to raise needed cash as we as a team improve our financial situation to make us look attractive enough to draw real interest from a strategic partner or buyer.