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Re: turokman post# 76208

Monday, 07/20/2015 11:34:50 AM

Monday, July 20, 2015 11:34:50 AM

Post# of 80867
That seems like a pretty rosy worst-case scenario at this point. I see the worst-case scenario as something closer to: continued supply issues push revenue down again and combine with $2 million payment to Capstone to cause loan default. That leads to the banks selling their 800,000 shares, and the company is in a situation where the stock price has just taken a big hit AND it needs to dilute to keep the doors open. Maybe Drexler buys up all 800,000 shares and gives them some sort of bridge loan until they can sell the company, but how much is anyone going to pay for a de facto bankrupt brand that never made any money? Certainly not $150M.