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thesmalls

05/11/15 2:56 PM

#1021 RE: IPO$ #1020

it has a rather low float as is or at least since last reported. most of the shares from past mgmt were surrendered back to the company. looks like those that wanted out have done so. still room under the AS to add should additional capital be needed. however, if they just get Wodka back to where it was and add several $MM in revenues from the distillery we will be WAY ahead of where we were two years ago when we were trading between $0.30-$0.50 when looking at the massive expense reductions from the ecec staff that was scuttled.

with several $MM from the distillery side producing around $0.30 or so on the GM side - the company could be in the black. need to see some updated numbers from the company since they went dark but so far - looks like Romer has done a good job moving this back in the right direction and the primary lender still is fully vested.