Black Dragon Resource Companies Inc (BDGR)

[neza62]

Yankee07: Actually, now that I'm not looking at EDAC's financials at 1:00 AM, here's an updated perspective for you:

In terms of cash flow, I don’t like the fact that as of March 31st, Cash plus Receivables totaled $7.8m, and with Current Debt: their revolving credit, AP and current portion of LT debt totaled $7.3m. if you factor in accrued comp, than selective Current Debt totaled $8.7m and exceeds Current Cash and Receivables (I'd also be interested in knowing more about Accrued Employee Compensation & Amounts Withheld of $1.5m).

Not the healthiest of situations especially considering their LTD of $7.5m.

And these are unaudited figures; they're going to need to increase sales to improve the balance sheet (ie: generate more income to pay off debts) which won’t be easy with gross profit at only 18% of sales.

This doesn't mean the company or its stock cannot succeed and do well, but it does indicate some challenges and risks for them.