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Re: levelnever post# 174

Wednesday, 08/31/2011 9:18:34 PM

Wednesday, August 31, 2011 9:18:34 PM

Post# of 243
Looks like they are counting chickens on their balance sheet significantly...all their stuff is in "inventory." no cash, high debt (if you back out the "inventory"), which is the above-ground coal.

Also says in 10k they WILL have to raise money...judging from the downside volume earlier this summer there was dilution. My guess is they do a pump and dump down the road on it to raise the money.

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