Trading/ Investment Overview on Raser Technologies
Raser Technologies is being looked at from an investor's perspective in this article on Investorsoup.com.
In lengthy article, Raser Technologies is being looked at from an investor perspective. One always needs to be a bit careful with these kinds of company and investment analysis, I thought it might be interesting to link to the site.
In the financial summary the article talks about that “Although RZ is no longer considered a development stage company, its ability to secure liquidity in the form of additional financing or otherwise remains crucial for the execution of its plans and its ability to continue as a going concern. RZ’s current cash balance, together with cash anticipated to be provided by operations, will not be sufficient to satisfy its anticipated cash requirements for normal operations, accounts payable and capital expenditures for the foreseeable future.
Obligations that may exert further pressure on RZ’s liquidity situation include the obligation to repay amounts borrowed under the Line of Credit, which are due in July 2010 but may need to be repaid as early as November 2009. However, the principal balance and any accrued interest thereon, can be paid in the form of cash or equity securities at RZ’s sole discretion. In addition, if the Company fails to achieve “Final Completion” of its Thermo No. 1 geothermal power plant by September 15, 2009, it may incur penalties of between $2.0 million to $3.0 million.”
To read the full article use the link provided below.
Source: Technical Trading Overview for Raser Technologies (RZ) at Investorsoup.com