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Re: crestronwizard post# 20804

Wednesday, 03/14/2012 3:36:47 PM

Wednesday, March 14, 2012 3:36:47 PM

Post# of 44235
Sure and thus why businesses fail all the time, pretty common to be overcome with debt. The product cannot overcome the debt here, they are currently defaulting on loans here, they have more loans due to default in 17 days for a total of $3.4 million, they have no cash to pay this, and they are burning $500,000 per quarter on average. This is not getting better, and now it is time to pay up or file for bankruptcy. Not sure you understand, a public company that gets lawsuits slapped on it for not paying it's debt gets suspended from trading.

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