What's going on down there on the lower floors?
6 replies (most recent on top)
At least we made profit this quarter makes a pleasant change in my humble opinion.
if you look back a quarter, a further $9.1M has been borrowed from 'credit' so the figures ain't that good?
Q3 would look a bit different if we hadn't taken $30M for the OBC job.
We gonna need another one Brian!
No. I'm talking about termination of employees, sales of business units and closure of offices.
Internal cost savings!!!! - Are you talking about cutting back on coffee and donuts?
Probably trying to figure out how to spin Q3 results into a positive. Hansen has to convince investors that despite another multiple million dollar loss Ion is a viable company going forward even though there is virtually no cash left in the bank.
My guess is that the story will involve:
Pending new contracts that will save the company (even though collection will not come until at least 90 days after the end of work)
Pending end of the downturn.
Internal "cost saving" measures.
Let's see.