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Re: pennygal post# 18929

Friday, 03/15/2013 4:33:10 PM

Friday, March 15, 2013 4:33:10 PM

Post# of 62920
you're correct - the only way they can keep afloat is to issue debt which eventually gets converted into shares

and they are paying employees in shares - again people here should take the time to read the filings (so i guess i was somewhat incorrect by stating they don't receive funds for shares issued, in essence they're not receiving funds, just getting rid of a liability (payroll) by issuing shares to employees who in turn sell them)- they can't pay their bills with share LOL

someone posted a while back about the company is hiring - those jobs have been posted for quite some time and are most liekly not avialable - again if you read the filings you'll see their employee base has declined over the years

it will be interesting to see what kind of results they post in a couple of weeks when the 10K is released - they put out a press release a while back about a big increase in revenue from the prior year (that may be true or may not be) but it really doesn't matter how much revenue they generate if they can't generate positive cash flows from it

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