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noretreat

02/15/18 7:37 PM

#217655 RE: Bruinfan4ever #217654

Right and that is exactly my point. Do the arithmetic. Current liabilities AFTER related party items are about 30% more than cash on hand....4.1MM current net of related parties vs. $3.1 million cash. And the related party items have to be paid eventually and continue to accrue.

The balance sheet is not sustainable. They need cash soon