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Hugodrax

05/14/15 7:20 AM

#24528 RE: macnqueso #24522

Don't forget they also borrowed another expensive $5M from Cyrus. They are burning roughly $5M a quarter and have negative working capital. IMHO you shouldn't be so sanguine about their liquidity. This company should really have zero debt instead of the $35M or so they have now. Debt is for companies that have cash flow to service it.