Still going forward does not quite cut it.
forward maybe, but at a much reduced rate, all things considered...and then theres this little problem or two.
"ITEM 8.01 OTHER EVENTS
The Registrant has decided to consolidate its Canadian building operations under its principal subsidiary, Duratech Group Inc. (“Group” or “Company”), and close its Duratech Structures (“Structures”) subsidiary.
Group would expect to continue to build temporary structures on a scaled back basis as the current economic environment permits.
As part of its consolidation efforts, Structures is negotiating with vendors and debtholders to settle outstanding obligations. On December 1, 2009, one such entity filed suit against the Company and was granted a summary judgment for $25,578. The Company is working to settle this matter and resolve other obligations to avoid such action going forward.
"
All hail the king seems to have taken a bit of a hit.
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