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Renavatio

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Renavatio

Re: GroundUp post# 45838

Wednesday, 07/25/2007 9:42:55 AM

Wednesday, July 25, 2007 9:42:55 AM

Post# of 79921
It's on pace with 2006. Cash looks a bit tighter but is explained by the fact that they claim to be using cash for recent acquisitions. Account Receivables have seen significant growth, probably from pit sales. Current liabities seem to be paid down while there has been growth in the long term liabilty category. This would be in keeping with the greater usage of promissory note and preferred equity financing. Huge growth in the Retained Earnings category shows that these boys are still "buy" focused.

The BEST NEWS is that at least they met and surpassed the deadline of August 1st. Now all we need is a little light shed on the share structure...

IMOSO

Ren

"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
www.younglife.org

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