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Re: DesertRat1 post# 472

Monday, 01/19/2009 12:24:11 AM

Monday, January 19, 2009 12:24:11 AM

Post# of 1271
Spectrum still has plenty of liquidity according to last Q. Plus they wrote off some poor selling products which doesn't reduce debt but frees up more cash. They can manage and even according to CEO pay off $70-some million of debt. Now that's not much and they need a better solution but it allows them to stay in business and for God's SAKE SELL FOR A HIGHER PPS THAN 5 FREAKIN PENNIES!!!!!!

Nobody trusts Wall Street and examples of price manipulation and shorting is sooooo prevalent that most of America is thinking of putting cash under their matresses!! LOL Greedy SOBs are going to turn us into a third-world country!!
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