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Re: Rawnoc post# 5342

Thursday, 03/19/2009 8:48:35 PM

Thursday, March 19, 2009 8:48:35 PM

Post# of 8097
IMO only, the fact that Gottbetter has not come to any workable terms yet even as more debt comes due to them suggests the company is in dire straits considering the lack of cash on hand and other debt obligations.

I've seen it happen several times (I'm sure you and others have too) before with other companies and nearly every time one of two bad things will happen to longs:

Terribly dilutive financing.

Semi-forced payment/BK/restructuring/or whatever you want to call it where common shareholders get raped.

IMO only.

Maybe the Q report will save them and they'll suddenly generate lots of cash. Maybe.

Good luck anyway.

I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog

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