Pinnacle Business Management (Prev SRCI)

[lizdrucker]

lownumba, the 3 billion ...

... debt has an offsetting 360+-million cash setaside mentioned in the 8K. The company refers to it as funds frozen or locked up - the money apparently is impounded by a court action somewhere, and is there for the debt/bond payment they missed last quarter.

It shows as part of the 650 million cash in projections for the 12 months.

Apparently the company feels that left alone, they can service the current portion of debt from current operations, and have the past due 'payment' (the $360+- million) in "escrow" awaiting some form of permission to make the payment.

That's what it sounds like in the 8-K, anyways.