Clipper says it is “exploring numerous alternatives to raise capital including private and public equity issuances and working capital credit lines with certain financial institutions as well as its largest shareholder, UTC (United Technologies Corporation).
The company’s cash position decreased to about $86m by the end of August 2010, from $140m at the end of June, “due to continued cash requirements, including increased purchases of components for the manufacture of turbines scheduled for deliver in the current year.”
In
