Alloy Steel Inc. (fka AYSI)

[greasemonkeyshoes]

Cap X by the industry is based on a price floor of $120.00-$130.00 MT......so is the ability servicing its debt and A/P....without a strong balance sheet and returning back to the price floor ASAP: being taken over or being fried seems the likely outcome!!

ps- Million dollars loss question: RISK on the $5 million A/R;what % is likely late or gone bad as the industry was been squeezed?? Biggest challenge: burn-rate was about $1.5 million per Q.....or about $5 million total within the next 3 quarters!! OOOOUUUUCCCHHHHHHHHH... WRITE-OFF OF INDONESIA,75% chance likely!!!