Redeye maintains its new valuation from our preliminary review this morning. After having talked to management, we make a bit smaller estimate changes than we first announced, as we think there is a chance for the business and the projects to be relatively unaffected, provided that the company swiftly can raise capital. Nevertheless, we remain very concerned regarding the cash situation. We expect the stock to be weak until the financing has been taken care of.

info@redeye.se (Redeye.se)

Redeye AB - Redeye.se