Replies to post #1512 on Bulova Technologies Group Inc (fka BTGI)

[asdgwest]

They had 200M government contract 2 years ago, but the stock was dumped from 10 cent level to ground very fast. It's pump and dump. read back.

[Retirement]

Two problems ,,,The bulk of past contracts require many millions in working capital,,,a credit line ,, to finance the workflow ,,parts, labor and capex ...That is very hard to come by at 12% or below (where Bulova can still make a profit) As near as I can tell they have only 5 to 7 million (The Gov pays you long after you spend your money to make the stuff) ...The Euro work/contracts for the most part do not require cash up front as most are management contracts ...middlemen in the deal(half now, half when complete) ..and will pay up over time as will the US business while the company builds it's own cash.