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bocxman

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bocxman

Re: None

Monday, 08/21/2006 10:41:08 PM

Monday, August 21, 2006 10:41:08 PM

Post# of 595
10Q out today...filthy. The cash position is obviously a huge concern, with a whopping $2k left in the bank. Of bigger concern are the sales, which are slugging along, and whose slow pace seems to be related to the embarassingly low cash position. The projections for next quarter are abysmal...20 units.

And worst of all...GROSS MARGINS. Ouch. But that can be improved with the volume.

Bottom line is this company needs a big financing, and now. Or, how about some cash from the FILCO auction? Either are welcome...but cash needed now.





DISCLAIMER: NEVER ASSUME INFO ON MESSAGE BOARDS TO BE ACCURATE. ALWAYS DO YOUR OWN DUE DILIGENCE. DON'T BUY STOCK BASED ON THIS POST OR ANY OTHER POST. I OWN A LONG POSITION IN THIS STOCK AND THEREFORE I AM BIASED.

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