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crashman

04/10/08 11:52 AM

#157310 RE: ocipio #157308

10K has to be good IMO. The way I read the 8k, They have to post a net profit by the second quarter of this year or Wells Fargo is gonna pull the loan. Am I correct?
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rpt

04/10/08 12:00 PM

#157312 RE: ocipio #157308

The 10K is the only
SEC filing that a company is required by law to have audited.
And one of the few filings that actually tells 'the rest of the story'.
I'm not sure if 'Bad' is the term I would have used.. But I do know there has been a great deal gone on behind the scenes here that has not been disclosed to the shareholders of this company. And if the company and management here has been playing by the rules as set forth by law they are at this time required to put ALL their cards on the table.
If not then we will be given the dreaded 'E'
The ball is in managements court.. Time will tell all of us what their next move will be.
And the clock is 'Ticking'... FAST