Lecg Corp fka XPRT

[mike_d]

http://seekingalpha.com/article/235615-lecg-ceo-discusses-q3-2010-results-earnings-call-transcript

If you read this through toward the end, they say this would happen and that is exactly what happened.

"As many of you are aware, our term debt matures in March 2011. At the end of the second quarter, we began the process of seeking and evaluating alternatives to both refinance this debt and to obtain sufficient additional liquidity to support our ongoing working capital needs. In September, we signed a non-binding term sheet with a top-20 U.S. commercial bank, and earlier today we received a commitment letter from the bank, which provides for a multi-year senior secured revolving credit facility of up to $35 million."

Read from the 9th paragraph from the bottom.

Stop screaming BK - As for the upcoming financials, I will lock in profit before they get released and look for a reentry