Replies to post #15 on Adfitech Inc (fka ADFT)

[Enterprising Investor]

Balance Sheet (9/30/10)

Cash: $3,105
Accounts Receivable: $4,478
Total Assets: 33,260

Current liabilities: $1,701
Long-term debt: $15,728
Stockholder's equity: $15,552

Equity per share: $2.45

[Enterprising Investor]

Senior Note purchases total $7.3 million.

Gain on note repurchases greater than interest expense, $990,000 versus $892,000.