InvestorsHub Logo
Followers 752
Posts 59173
Boards Moderated 7
Alias Born 08/06/2009

Re: docoroc2 post# 5717

Monday, 04/04/2011 8:42:33 AM

Monday, April 04, 2011 8:42:33 AM

Post# of 8575
There are positives and negatives in this financial report, but based on the evidence of having paid down YAGI debt as well as having reduced the O/S as was PR'ed. I will give them the chance to demonstrate larger sales for Q1 2011 which will hopefully be fleshed out in the next 10Q.

Meller told me himself that last year's sales would not be stellar, much of which can be attributed to the economy, and he also stated that sales for 2011 would be improved. He also told me that his focus would be on addressing the O/S as well as the overall debt problem.

The increase in Meller's stake in shares on his potential debt conversion deal in essence only increased his stake by a neglible amount to 75.6%....still roughly 3/4 ownership of the company.

For me, TYRIA is a potential nest egg in the making. Could Meller convert his shares and divest himself of SWK? Sure, I guess it's possible....But after speaking with the guy, I have the distinct feeling that he plans to see this thing through.

GLTA,

Neo


Remember people to only play with the money your wife/husband/significant other won't disembowel you for should you lose everything if your stock goes the way of the dodo!

JMHO!