hereandnow9 Dec 2014 11:51
This company, although parading household names with nearly all of it's productions, has had a lot of financial woes for about 2 years. Last month they said :
"The Company's discussions with an investor for financing the development and production of its properties are advanced and we are in the process of completing the documentation. However, working capital remains under pressure in the meantime. The receivables collection has continued to be slow, but now the Company has definitive commitments from the key parties for payments and we expect a significant reduction in the debtors by March 2015."
Now we have the money to develop and produce our wares and have working capital. Just need to prove up on that last bit of the above re. 'receivables' - perhaps, realistically, March 2015 is the next biggie, i.e. they can announce Peter Pan, Lassie, and Mowgli have formed a rock band and nothing will really matter until we get our debtors to pay up.
Looking good, can see more recovery up to March and then ......