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Monday, May 26, 2014 2:44:14 AM
Why did you take on such huge debt so early on?
Imo a company ought to strive to be profitable no matter it's size. Banks always love a good balance sheet so it's concerning when I hear an excuses like "we outgrew our lender's ability to finance us" etc. Imo if you're profitable there are plenty of bigger banks out there. Instead you were forced to go to toxic financiers and, it seems, damn near wrecked the company during the past year.
Growth is good as long as it's healthy growth. Maybe buying a $7 million building and a big tour bus were things that could have been delayed.
Anyway, the recent podcast indicates management now believes all their cash-flow problems have been resolved thanks to the FROZ merger. And the indication is that substantial growth is currently underway. I hope they're right. If the audit shows a strong uptrend beginning the 2nd half of Q1 as stated it'll probably continue into their "high season" later this year. How the stock performs with Ironridge and Schissler involved remains to be seen.
GLTY
We're entitled to our own opinions --but not our own facts.
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