InvestorsHub Logo
Followers 151
Posts 11624
Boards Moderated 0
Alias Born 08/19/2008

Re: canon post# 1399

Wednesday, 05/19/2010 12:21:48 PM

Wednesday, May 19, 2010 12:21:48 PM

Post# of 12282
IMO, these prices are a steal if they start paying down some of their short-term debt and getting some of those receivables paid. They can't continue to operate in the red. $1.5 million in short-term notes in 2009 -- can't have that. I'm expecting to see them make some headway in paying down these debts, as the revenues rise. If they do that, or announce some better terms, I'm turning my small position into a truckload.

GLTY

Deal on the merits of the company, not on the hopes or fears of the inexperienced.