Replies to post #169073 on Eternal Image Inc (fka ETNLQ)

[Teamlasvegas]

I Think Is The Key Word...(wink-wink)
O-Tay?

$$$$$$$$$

Posted by: Lurker from Mars Date: Tuesday, June 16, 2009 1:59:47 PM
In reply to: DonVaBeach who wrote msg# 169072 Post # of 169075

they just got rid of most if not all their debt I think....

[DonVaBeach]

From the K: "...In 2009...$650,750 of debt was repaid with 202,031,693 shares of common stock..."

That leaves ($1,034K-$651K), or around $383K of notes payable, plus at least $800K of additional payables of all types and shapes, for a total of about $1.2 million. I would guess their first quarter cash flows from operations will easily be eaten up by current period incremental expenses, leaving virtually nothing to retire the prior-accumulated payables and balance of notes payable.

I am hoping that I read very shortly that new lines of credit have been made available to them. Given additional funding for a sufficient period of time, I think they could do quite well for the long term. But, the clock is ticking.