Oct. 31 at 2:03 AM
$NGTF Today your favorite stock finished down by a lot, for the third day in a row. The price closed at
$0.0464, down 11 percent. Over 5.4 million shares were traded. Good news was that TechForce Robotics has been accepted into the NVIDIA Connect Program, which should lead improvements and adoption of new technology of their products, as well as collaboration and potential entry into new markets. Despite the stock being down this week, the really good news is that the company secured a five-year,
$25 million Equity Line of Credit last week (where the company can sell stock directly to Mast Hill, LLP for cash, whenever it needs cash), as well as a loan for
$2.27 million from Mast Hill, LLP. If NGTF can generate enough cash through operations, it will be able to preserve its equity line of credit facility, and hopefully get better financing terms from banks and other creditors. Uplisting to the NASDAQ or NYSE will also impact the stock positively.