InvestorsHub Logo
Followers 36
Posts 8284
Boards Moderated 0
Alias Born 04/14/2011

Re: qtipjoe post# 9348

Monday, 12/03/2012 7:38:12 AM

Monday, December 03, 2012 7:38:12 AM

Post# of 20680
Of course they said that, what else would they say? They are still trying to get funds and laying off people so they can last another year. No guarantees in the business world. Time for management to take a paycut, and still waiting on the CEO to purchase some stock, such a low pps and yet no interest from management either. Just how do you propose they pay back a loan when 1) they can't pay the interest on the preferred shares, 2) they continue to lose money so there is no profit available to pay back the loan? 3) Last repayment was done in shares, which in turned decimated the PPS, and banks don't take shares as payment. Where do you see the positive??
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.