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DragonBear

03/09/12 11:32 AM

#102583 RE: Anvil #102576

I think it means that the SEC is not happy

Highly suggestive of it.

We have the so called "working capital" of $1.099M, with a -$18K weekly repurchase of the now non-registered stock, or a cash cost of -$673K by the end of the year. That doesn't leave much to run the company on. Also considering the purchase price or value given for the stock was in the $2M range, they don't have the cash to cover the purchase.