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Re: iKauai post# 41945

Friday, 09/18/2009 2:26:28 PM

Friday, September 18, 2009 2:26:28 PM

Post# of 103340
"So you admittedly say they havent disclosed their cash balance in a "long time", so why would you speculate so assuredly they you know that they have "very little cash on reserve"? That seems rather contrived to me..."

Simple... they were selling shares 3 days ago! Obviously they needed the money!

"How tight are they?"

- From past year's SEC filings... very tight. Like 10% if memory serves. Look it up. Invoice factoring will shave off another few percentage. No reason that in this cutthroat economy that their margins would have increased. For most companies the opposite is true.