Yangaroo Inc. announced its strategic plan on Wednesday, July 3, 2013. Yangaroo is a leader in secure digital media management.
The strategic plan was created after the company consulted several independent advisors, whose consensus was universal. The advice was to "raise sufficient working capital to exploit growth opportunities, reduce debt levels and reduce the number of outstanding shares."
"We have undertaken an exhaustive process to assess the multiple scenarios for YANGAROO's financial structure going forward," stated Yangaroo President and CEO Gary Moss. Moss further stated that the process to achieve the objectives of the plan would be complicated and would require Yangaroo shareholders' and debenture holders' support. So far, these stakeholders were positive during preliminary discussions. However, Moss expected the necessary approval to come later on at the company's upcoming AGM.
Still, Moss commented that "[they] look forward to focusing on growing YANGAROO, with a capital structure and balance sheet that will maximize value creation for all stakeholders."
Join the Conversation