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Rawnoc

04/21/11 11:50 AM

#102777 RE: ergo sum #102776

No, I think you are terribly misunderstanding what an accumulated deficit it and falsely thinking it represents even one penny of debt.

JBII had working capital of $555,783 on 12/31/10. Their debt was less than $300k on a low interest mortgage with tiny payments.
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Scandle34

04/21/11 12:13 PM

#102798 RE: ergo sum #102776

without reading much (lack of time) I am still trying to see an explanation of the $14M losses...