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MrBlackLungs

11/18/15 4:10 PM

#3575 RE: Steponit #3574

Yes but they also have 1,266,666 in convertible notes and 200k in interest. The cash isn't a problem, but the dilution will

Scooby69

11/18/15 4:14 PM

#3576 RE: Steponit #3574

Not at all! Profitablity no later than end of Q1.

Shortnlongs

11/18/15 6:31 PM

#3580 RE: Steponit #3574

That all comes in with over a $9M debt load with 1.2 Million in recent loans. BTW they have Total Noncurrent Assets $791,312.

They are going to have to sell more notes at least one other or maybe another to stay afloat while becoming profitable. I think if they are going to show a profit we are looking at this time next year. If no profit by then with convertible toxic debt these share could be penny or two. I think it will take at least another year to get profitable with new model.