Ion Geophysical Corporation (IO) Social Stream
Featured Post From StockTwits About IO
$IO Are they running out of money ? This is a quite concerning statement from their CFO:Dobbs99, published August 14, 2021
“While we completed these favorable transactions and revenues improved sequentially, the timing of the market recovery remains uncertain, and revenues for the first half of 2021 were lower than expected. These lower-than-planned revenues will have an impact on second half cash collections necessary to fund our operations and to meet our debt and other obligations, therefore, triggering a growing concern issue for ION. We continually evaluate conditions in the capital markets, and we'll continue to explore additional funding opportunities through private or public equity transactions, debt financing or other capital sources such as the sale of nonstrategic assets to meet our ongoing cash needs.”
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