Replies to post #86471 on Expo Holdings Inc. (EXPH)

[venomen2002]

What makes you think they haven't drawn down
on the credit line??

"The company anticipates utilizing its one million dollar line of credit with Crestmark Bank to further fund these projects. The Crestmark line of credit is collateralized by the company’s receivables and or other non-equity based assets."

So yes..the answer is yes..I do believe they have used some of the million dollar line of equity to fund some of the projects..I also believe they have used cash from revenue and share sales to reduce debt and fund projects..

This delay although untimely is not the end of this company..

I am looking forward to the fix of the router..the continuation of ramping up production and the new CEO taking over..I am still long this company...veno