Replies to post #938 on Aduddell Industries (fka ADDL)

[drying paint]

"there has always been a good profit on every job"

No, they under-bid every job to increase revs while losing money. That's how they burned through their 10mil line of credit which is now in default. That's why the price is where it is. I won't buy until I see an announcement that they have refinanced.


"On December 15, 2007, Aduddell Industries, Inc.'s (the "Company") $10,000,000 revolving line of credit with Bank of Oklahoma ("BOK") became due and payable. BOK is currently reviewing certain financial and other information of the Company to determine whether it will extend the maturity date or refinance the line of credit."