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mikeyk

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mikeyk

Re: assassin17 post# 26457

Saturday, 07/25/2009 4:58:25 PM

Saturday, July 25, 2009 4:58:25 PM

Post# of 32583
Nice catch on that one, funny how all the 2008 10Q's and the 2007 10K were just finished being audited by the SEC, and here we have the next audited 10K filing that also doesn't match expected numbers, kind of the same scenario where the conversion numbers don't add up to the remaining debt. From the PRE14 filing, it looks like it's going to take at least/minimum 2 more years to retire the remaining $4.7 million in debt, and looks like the company is going to need to borrow more money to stay in business, so that 2 years may get extended out even further.
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