RE: Dark arts n Squiggly lines20 Nov 2019 23:14
Old News Jarv55,
TRX are so 'flush with cash' that they need to recapitalise as they stated in last weeks RNS:
'MidCap has agreed to add the repaid $5.5 million of Tranche One to its commitment amount under tranche two of the Term Loan, which consisted of $5.0 million and now consists of $10.5 million ("Tranche Two"). Access to Tranche Two and the final tranche of $2.5 million ("Tranche Three") of the Term Loan remain in place, however the drawdown of these tranches is now subject to MidCap's discretion and satisfactory recapitalisation of the Company at that time.'
TRX could not be more open about the need to be recapitalised before they can continue to draw down loan funds, which seem to be required to complete the new clean room to boost production to get to a cash flow positive position.
But who cares about the facts on a ramped share?