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Re: None

Friday, 12/09/2011 9:25:46 AM

Friday, December 09, 2011 9:25:46 AM

Post# of 58002
EDIT: I am curious who believes that ASR has the qualitative underpinnings (quality of P&L & balance Sheet / Cash Flows) to meet this pre-condition, let alone the the quantitative capacity to fulfill this ministerial obligation by 12/31/2011.

Of course ASR being the superbly mananged company that it is, they could do all of this by lunch and charter a private jet to take the money to china and wait to fly the goods back.

And if someone further comments that the PO from Wal-Mart could guarantee the payment or securitize and collateralize the funds, the company's PO's and all receivables are already hypothecated and/or contractually pledged to satisfy prior debt (defaults), of course Wal-Mart would see this as a positive statement of ASR's financial stability.