Exide Technologies fka EXTC

[GotAWinner]

Renegades17,

enjoy reading your comments.


are you concern at these # from the balance sheet as of 9/30/2013?

stock equity at $42MM
tangible asset at $-102MM (negative territory)

How do you go from asset 1.89B vs liabilities 1.14B in 4/30/2013 back in April 2013 and 5 months later we are down to 42MM equity?

I'm not an expert and would like your comments. thanks!

another link confirming about assets over liabilities..

as of April 30 2013, company reported $1.14 billion and assets of $1.89 billion in its filing

www.dallasnews.com/news/community-news/frisco/headlines/20130610-exide-technoligies-files-for-chapter-11-bankruptcy-protection.ece

The Milton, Ga., company listed debts of $1.14 billion and assets of $1.89 billion in its filing. The filing won't affect obligations outside the United States, Exide said in a statement. Exide has about 3,600 employees and operations in more than 80 countries, making lead-acid batteries used in cars, trucks, tractors and boats.

www.autonews.com/article/20130617/OEM10/306179997/battery-maker-exide-files-for-bankruptcy

What's the latest assets vs liabilities today? Depending how much they are burning in BK and drawing from their DIP of $500MM..