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matt24d

06/12/09 8:24 AM

#43993 RE: NYCinvestor #43982

I think this news is actually good. It gets rid of one of their subs that was under performing. It will reduce expenses and lets them concentrate on their sub that has a nice future. See I think thats where people over reacted. The company is not going under they are just terminating one of their Subsidiary's.


Per their PR


"S. Daniel Ponce, the Company's Chairman of the Board, stated: "It is important to note that our manufacturing operations conducted by our subsidiary, Premix-Marbletite Manufacturing Co., remain solid and we are optimistic about its future business prospects. In view of current economic conditions, this restructuring was a necessary action to better preserve our Company's liquidity and position our business to benefit when construction industry conditions rebound."
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matt24d

06/12/09 8:29 AM

#43997 RE: NYCinvestor #43982

I plan on getting more shares today if this dips real hard. With only 2.5 million OS it will come back very easy.