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Re: blue finch post# 197908

Thursday, 10/14/2010 10:44:10 AM

Thursday, October 14, 2010 10:44:10 AM

Post# of 375420
I don't know. He didn't have it when he got the job. They were behind on virtually every payment they had: Mineseeker obligations, rent, utilities, payroll, etc. I'm sure some of the waste was cut off immediately, like CET, but I haven't heard or asked about the current situation. It doesn't really matter much to me. Jeff can't spend what he doesn't have. He's got to find operation cash somewhere or shut down. Perhaps he had to send everyone home and that's why there's no IR, or perhaps Lisa or someone is helping with the bare essentials. He could be selling some preferred shares, or perhaps the furniturewink. There is probably some minimal cash flow from the repair business and perhaps the school, or perhaps from the mysterious 1 & 2 that were closed ages ago, but I wouldn't bank on it.