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Monday, August 05, 2013 5:23:55 PM
The financial engineering using CD's to pay down the $14 million plus debt has resulted in a company that is about to be debt free and Cash Flow Positive by year end, with about 800m shares outstanding, not bad at all in penny land.
Now why are we rushing to get that debt paid down at 10 cents on the dollar? What is the hurry that has the debt gone at about the same time that the company is scheduled to go Cash Flow Positive?
It is called a BUY OUT, and it is imperative to have that $14 debt gone from the books before anyone will seriously look at buying the company, next year.
A company with no debt and just turning cash flow positive will bring a pretty penny in this market.
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