Wolverine Tube Inc (fka WLVTQ)

[silencedogood2011]

Go to Donlin Recano Website and read the motions. And the 115M assets and 235M in liabilities is the reason for the BK. If you have read further you would of seen a gross profit of over 400M. The debts from 2007 onward was eating into profit so the liabilities were larger than realized profit.

WLVT is negating over 110M dollars in debt in 90 days. They will be operating on cash at hand so what does that tell you? They have enough cash to sustain operations for 90 days without borrowing, leveraging or equity dipping.