lowtrade:
With every position I make that I believe can turn into something more significant that a swing trading opportunity, I read every SEC filing and make notes which is later turned into a chronolgy. I use the chronology to understand the company's culture to see how it influences thier business model and the signs of the model changing to return to less or more favorable past practices. I had reservations about Centerline's ability to produce but based on the fact that it simply had to in order for the business to survive, its activities were an "all or nothing" proposition.
I too noticed the various financing agreements made and inferred them to the company's model in action. There are many things that are part of the past and I am glad that is where they are. I really have to hand it to the ADGI folks who are still around. They really have considerable fortitude. As to the future I have ran pps estimates based on potential eps and it is good. Not to mention the sector trading at times several multiples of the eps which is definately in the future, in my opinion, given the speculation.
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