Saturday, November 17, 2007 3:34:51 AM
but were these messages another pump by some1 related to the company to know the Form 10QSB was coming out to the public.
Certainly there was no official PR indicating it WAS coming out - so these 2 posters must have access to some type of insider info? ya think?
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What we in the public do know is the 10QSB just released -
anybody else disect this?
From my view after reading this doc - it would be good to hear "good news" vs "a new credit line"
but maybe that is good news for a company:
"On October 31, 2007 we took steps to alleviate some of our capital needs by agreeing to terms with Centurion Capital Resources, LLC for a $1 million revolving line of credit specifically tailored to our business and for the fulfillment of many of our larger sales orders. "
from:
http://biz.yahoo.com/e/071116/iscr.ob10qsb.html
The bread and butter for the last year, I believe, was the business fulfilling the need for diabetic test strips.
Sounds like that is in trouble now " Our revenue for the three months ended September 30, 2007 was $1,585,538, compared to revenue of $2,173,594 in the three months ended September 30, 2006. This resulted in a decrease in revenue of $588,056, or 27%, from the same period a year ago. The decrease in revenue was due to a lack of sufficient operating capital needed to manage our medical diagnostics products business, particularly the pre-payment required for the sale of diabetic test strips.
"
Hopefully they can pull this together with the new credit line.
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Did anybody find anything "GOOD" about the Form 10QSB on 16-Nov-2007?
Or was Mr. S comments and message 3046 just a new pump?
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