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Re: Trompi post# 37713

Sunday, 08/15/2010 1:26:39 PM

Sunday, August 15, 2010 1:26:39 PM

Post# of 46577
No reverse split? They have cash?


How can you say they only need a few contracts? You don't know how much debt they have. You don't know what their burn rate is. 300K in cash doesn't go very far. What is the profit margin on their contracts? How many contracts are needed to cover the debt?

They stated recapitalization is a must. How can you judge the increase in AS that would be needed to cover an unknown debt level? A company that lies and says they are a victim of shorts, when it was dilution that drove the pps down is not transperant. Then they tried to hide the fact that they diluted. JMO