Trip Advisor

[powerbattles]

*****((((Below is my thought why I think TEUFF will never have to file for bankruptcy. TEUFF proven strategies for avoiding the cash-flow crises. These are all activities in the cash flow process that are managed proved to be extremely important role in determining effect of the PPS.

1 - TEUFF were in compliance with the covenants contained in our loan agreements

Furthermore, as of September 30, 2015, we were in compliance with the covenants contained in our loan agreements.

2 - No need for repayment for the bank until June 2017 that is $9.6 million dollars plus $3.8 million payment of interest on our bank loans. Total $13.4 million dollars saving added to their book.

3 - Last reported $16.3 million dollars cash on hand and $19.5 million dollars for 3 ships they sold. Total $50.7 million dollars cash on hand.

As of September 30, 2015, our cash and restricted cash (current and non-current) mounted a to $16.3 million in aggregate, of which $8.0 million is considered restricted for minimum liquidity purposes under our loan agreements.

4 - No payment for preferred shareholders of $1.5 million. This is the money they save added more to the bottom line net profits.

5 -

September 30, 2015 Our vessels generated positive cash flows from revenues, net of commissions, of $35.5 million, while we paid $22.7 million for expenses.

Think about it. Above quotes company financial include income statement. This is especially true of annual report. The total gross revenues is $35.5 million minus $22.7 million for expensive.

Make no mistake: Below are the expensive the company won't pay any installments under all of its facilities until JUNE of 2017. This is the expensive plans with the goal of getting us to operate our vessels at lower fixed cost, an effort to enhance shareholders' value.

A - Payment for the bank $9.6 millions.
B - Payment of interest $3.8 million.
C - $1.5 million payment for preferred shareholders.
That is a total $14.9 million dollars saved on expenses.

6 - Clearly they gain $14.9 million dollars saved on expenses.

7 - The year 2015 only $1.3 million dollar net operating loss (NOL) during the third quarter. Let assume if they continue carry loss like last year and let assume the amount increasing to 2 million. Now let do the math. The company's save $14.9 million dollars on expensive. Now minus 2 million dollars, heck... we still ahead of the game $12.9 million dollars NET-PROFITS.

During the third quarter of 2015, we operated an average of nine vessels. Our Net Loss and Adjusted Net Loss during the third quarter of 2015 were $0.8 million and $0.5 million, respectively.

8 - Bottom line... $50.7 million dollars cash on hand. Net- profits is around $12.9 million dollars.

9 - We had total outstanding indebtedness of $125.4 million, minus $2.2 million has been repaid. Each year $13.1 million is scheduled to be repaid in the forthcoming 12-month period.

TEUFF HAVE THE CASH FLOW, CASH ON HAND $50.7 MILLION THAT IS ENOUGH TO REPAID FOR NEXT 3 YEARS AND 8 MONTHS.

As of September 30, 2015, we had total outstanding indebtedness of $125.4 million, of which $13.1 million is scheduled to be repaid in the forthcoming 12-month period, of which $2.2 million has been repaid as of the date of this release.

10 - No matter how negatives input trying to slice....
TEUFF REMAIN IN BUSINESS STRONG, GOING TO SHOW HUGE CASH FLOW, AND MASSIVE NET-PROFITS.

THAT IS ALL MATTER!!!! IMHO.