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I-Glow

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I-Glow

Re: Mario Duval post# 47313

Wednesday, 08/03/2016 11:24:47 AM

Wednesday, August 03, 2016 11:24:47 AM

Post# of 63091
Looking at revenue is a mistake that lenders won't make when judging the credit worthiness of COWI.

Losses just from operations was $300k in the last quarter.

The Net Loss for the quarter was $7.3 million.

When you look at the balance sheet it is a disaster.

The COWI assets are a paltry $200k and the liabilities are $26 million. That is a joke COWI is insolvent.

There isn't anyway COWI could obtain conventional financing.

IG

"Are you gonna pull those pistols or whistle Dixie?"

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