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Tracking 1053 U.S. listed China Stocks and Counting...
Tracking 1535 U.S. Stocks and Counting...
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Sunsi Energies (PINK:SSIE)
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Saturday, October 15, 2011
We expect to generate positive cash flow from Chinese operations during the next year. We are in the
process of seeking funding
in the form of equity or debt to expand our Wendeng facility from 30,000 MT to 75,000 MT. We estimate that this expansion will cost approximately $15.0 million, of which we expect our 40% minority partner to contribute $5.0 million.
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Friday, May 27, 2011
Our ability to continue as a going concern is dependent upon our ability to generate profitable operations in the future and/or to
obtain the necessary financing
to meet our obligations and repay our liabilities arising from normal business operations when they come due. As a result of our increased visibility and the expected profitability of our recent acquisition of Wendeng and Baokai, we believe we will be able to secure additional debt or equity financing on competitive terms, although there can be no assurances.
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