Sack Lunch Productions Inc (SAKL)

[Blizzld]

Some thoughts on this...

The stock has declined from the equivalent of 4.75 right before the split to 1.50 or over 68%. If you read my prior post I stated it would only be interesting at much lower levels than where it was, and it is getting there.

Market cap based on current shares outstanding is very low. Float is very low so it can move fast if things go the right way.

The problem here is where are they going to get the money to handle the debt and make the acquisition.

At least they are attempting to fix the capital structure here which was the main point I made.

If they can pull off the deal, get some cash and debt under control there could be a chance this could go much higher or even be acquired. But there is a lot of ifs there.

The financials seem done, when do we lose the D in the ticker? And how do we know if any money is being raised by PREF E sales?