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Re: rhoyt post# 9927

Thursday, 12/22/2016 8:19:04 PM

Thursday, December 22, 2016 8:19:04 PM

Post# of 17465
Did you read the 10-Q? Did you not see all of the problems? Sales down 41%; interest expense twice that of the gross profit; they've got a new roaster and no RealCups, which means that they've lost Mother Parker.

Nobody is going to buy out the company - who would spend $1 million to take on $7 million in debt?

They can't afford any new debt; quarterly interest is $650K.

And net losses were enormous - more than twice the quarter from a year ago!

I really hope they get the next report out quickly; I want to see how bad things got!
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