Positron Corporation (POSC)

[califax]

If the company can show in the upcoming financial reports that a significant portion of it's debt has been reduced ...

http://ih.advfn.com/p.php?pid=nmona&article=43837782&symbol=NB^POSC

Positron Strengthens Balance Sheet; Reports Significantly Reduced Debt Levels
Date : 08/02/2010 @ 10:07AM
Source : Business Wire
Stock : Positron Corporation (POSC)

... As a result of management efforts, Positron has effectively reduced its debt by over $6 million, from approximately $7 million at the end of the first quarter, and expects to be nearly debt-free within the upcoming weeks.

"Since the end of the first quarter the Company has worked diligently to take the necessary steps to make Positron financially stronger for the future. As a result, Positron has emerged from this process a stronger, more focused company with improved liquidity and manageable debt levels," said Patrick G. Rooney, Chairman and Chief Executive Officer of Positron. “With a stronger balance sheet we are eager to continue forward as a far more competitive enterprise – one that is well-positioned for strategic acquisitions and organic growth in the year ahead.”