Excel Corporation (EXCC)

[patentminer2013]

Dt,

I agree refinance the Loan with a 5 to 7 year debt and get an interest rate that is more typical. I mean 21% is really high. I am not sure why management went with that deal to start with but it looks to me like they had huge plans to expand and then the market turned soft on them and now they have to figure out how to get out of this mess. Their lenders could demand payment at any time if they wanted but why would they put them out of business? I am not sure what the catalysts are here but you are right the longs control the stock as it has held up well. I will predict they sell some shares though to raise money. $700k will not get them through the second quarter. They may also borrow more money if they refinance. I am just not sure why it has taken them so long as this issue has been dragging on for 5 months. Good luck.

Pm