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Belgie24

05/26/09 6:43 PM

#4120 RE: Theshining #4119

Yes, there was 1 quarter of profit and positive cash flow, with the promise of more:

http://www.golden-phoenix.com/documents/GPXMPR071107_000.pdf

And I would not assume that Golden Phoenix will not regain Ashdown in the next couple yrs. All it will take is WEX missing their payments. If they do pay we get $6 or 7 million over 6 yrs with interest, if they don't pay, we get Ashdown, without the current liabilities.