"Can't wait to get in here"
Good, while you wait you might want to do some indepth homework that may help you to make a good decision instead of what might be an impulsive one.
Look at the following
1. The accumulative over whelming debt
2. The Toxic Redwood death spiral loan shark financing
3. The back taxes still owed.
4. The cash burn rate.
5. The truly unknown value of an order from HD...unknown size of order and unknown selling margins
6. This HD order that is factored.
7. No cash No credit which explains toxic funding
8. The balance sheet by every measure is nothing short of a toxic disaster.
9. The managements track record and execution measures. Look at the balance sheet because that's the CEO's report card
10. A questionable credibility of the formula being used in the spray sauce.
That's the top ten reasons you should be looking harder at this than maybe you are. Now ask yourself, how big of an order and at what selling margins do you suppose it will take to just SERVICE the debt? Where is the all the time going to come from that allows this debt to be serviced? It isn't coming from any lending institution you are aware or unaware of with their numbers. As they say..no cas...no credit....no service.....TIC TOC they are on the clock. Base your decision on facts and data....using dreams, wishes, hopes, the tooth fairy, fingers crossed, or free pony rides being offered is a good strategy never works..often attempted in pinkyland but unsuccessful.
Come back and let us know which ones if any you can look past or turn away from here if you so choose to invest. or otherwise. Just curious of your findings.
