8M in debt BUT.....READ ALL OF IT FOR YOURSELF !!!!
Allbeck, you need to include ALL of that statement that Scott G. made in his financial reporting of the company as it appears you conveniently LEFT OUT a very IMPORTANT PART OF IT.........
" Management plans to take the following steps that it believes will be sufficient to provide the Company with the ability to continue in existence: expand its top line sales level with the launch of its new local search platform, increase margins and profit levels by creating and leveraging new and existing partnerships, increasing national advertisers on its sites, raise funds through the issuance of its common or preferred stock, debt instruments, short term loans or other means that it deems necessary; and acquire or develop business and business assets related to its comprehensive acquisition strategy. "
Even though most companies in the " pink sheets " are heavily in debt, just as SEEK is, one must realize that SEEK is one of those companies turning the corner towards PROFITABILITY and will be PROVING the above statement made by Scott G. over the next few months IN WRITING and by FILING regular " audited financials " to PROVE IT!
GL2A........GO SEEK !!!!
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