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ID Supermoney

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ID Supermoney

Re: Rule_62 post# 24721

Friday, 04/25/2014 3:01:41 PM

Friday, April 25, 2014 3:01:41 PM

Post# of 30377
The thing one has to remember is that the write downs were done by March 31, 2014!!

Which means they must have had the cash at that time already!! To pay them off!! And knew the books at that time for Q1!!


So $15 million was left over to pay!

Cash as of Dec 31 $5.1M
Warrants exercised in Q1: $12.1M
Less debt reduction: $32.0M



PLUS say Non-cash write down: ($16.8M)

That makes me think earnings was at LEAST $31 million and likely more!!

I think around $35 million!!


GLTA

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