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Tuesday, January 29, 2013 8:11:35 PM
Preferred stock and subordinated debentures outstanding aggregated $43.3 million at December 31, 2012. Management continues to assess the Company's leverage and capital structure. At December 31, 2012, the accrued interest and dividends on these obligations, which included deferred amounts, was $8.5 million. Subsequent to year end, we began to bring these obligations current and anticipate that we will be current on all obligations as of the end of first quarter of 2013.
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
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