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Rhenarium

12/11/15 1:35 PM

#77939 RE: JimmyJams #77935

You make it sound like with that $6M the turnaround is complete and everything is fine going forward. I don't think that's the case.

And your statement that "they only need cash to pay their monthly lines of credit and start paying down their accounts payable line" seems a little cavalier, given that that accounts payable line was $40.44M as of Sep 30.

Note that the accounts payable line is part of "Current liabilities", not "Other long-term liabilities". You're expected to pay your accounts payable on an at-least-relatively-timely basis.
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avocet

12/15/15 10:06 AM

#77949 RE: JimmyJams #77935

Never ending rescue missions! Pathetic.