Yes, I agree... Their debt is my only concern right now. I'm not concerned about the companies ability to increase revenues. It's up to management to pay down their debt as far as their $520k line of credit and the Redwood note. I'm not as concerned about the ASC Recap because that has already been determined by the court and the company doesn't have a choice. ASC Recap will soon be history. Their $520k line is going to more then likely be increased once again and then redwood could get paid off out of those funds. Ideally, if the company could obtain the funds to rid ASC Recap and Redwood, then dilution would be a non issue... They need a $1.5 mil line of credit under longer terms, the 6 month deal doesn't cut it. But, what that tells me is that there creditor will increase their line, and at minimum, extend the current amount under a new agreement.
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