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Alias Born | 01/13/2011 |
Monday, August 18, 2014 11:19:02 AM
Take a look at the financials recently reported by the company and I think you'll see the "manipulation".
I can tell you that I am not looking for a lower entry on this company yet. I think the company is failing. Taking out loans against inventory and receivables is a last ditch effort before dilution starts again. I believe there's a reason why the terms of the loan weren't reported (which is a requirement of GAAP by the way). Take a look at the amount of interest paid during the quarter on that $100,000 factor loan, and I think you'll know the answer.
Again, I think this company is failing.
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