Not good. About what I expected. Already burned through that $million they got in cash for the sale of 5 branches. One thing that jumped out right away is the $568K bad debt write off. Payroll tax liability still over $2 Million. Still over $3 Million in convertible notes earning 12% in interest. OS Shares now approaching 7 BILLION.
Question becomes where do they get the cash to operate for another quarter??? Another sell-off of branches coming??
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