From Yahoo
Re: What else can go wrong here? Beside missing interest payment,CFO quitting, 12 minutes ago
All OLD NEWS that took us down WEEKS ago. Now I'll explain...=P
We CHOSE to miss interest payment. I think the 8K on 12/30/11 said we have 23 mil and the interest payment was only 1.3...It's called playing hard ball with the debtors who could have BK'd us for missing the payment YET THEY DIDN'T!!! Why is that?!? Well because FTWR is more valuable with it's assests operating and in use than being sold in BK.
Did you see what making the interest payment did for ENER? Look at a 10 day chart.It was .20 up to .30 4-5 days moved to .40, then .60 and on Friday PR's making interest payment. BUSTED a buck around 1.17 dipped into .90's and up into 1.30's most of today. FACT LOOK IT UP! Now what happens if FTWR makes that payment with the PR? Add a possible debt refi that wasn't even due til the end of 2012. Reduced workforce 40% saves money, and can be brought back if new contracts come our way.
CFO gone, but available if needed durning this transition...Sounds like a buyout with that wording.
Delisting...(LOL) 180 day extension already given last month. 5 more to get over a buck. We will probably do that before the end of January. AND STAY ABOVE.
