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Re: Calc post# 2447

Wednesday, 07/23/2008 10:20:40 AM

Wednesday, July 23, 2008 10:20:40 AM

Post# of 24510
Calc,

I asked about the debt of the company and it's not as bad as most think....... From the info I received, the company is in debt about four million. Of the four million, Cajun mentioned one creditor seeking something like 300k and I'm not sure of the current status of that situation. My understanding of the other 3.7 million is debt owed to friendly sources involved with the company and all willing to wait and see if this can grow......imo
Now four million isn't good by any means but I imagine a good chuck of that is owed to Peter K and it's in his best interest to get this up and running. So were not dead yet (imo) and if this drops any lower, you should jump in, I might even buy a few more shares......
All is my opinion and if I've mis-stated anything, anyone please feel free to correct me.....


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