GREY:MGORF - Post by User
Post by
toby12on Sep 23, 2002 1:53pm
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Post# 5454958
So bad news is now gone
So bad news is now goneWith no effect what so ever on share price, reasons for this, not to many investors watching and results were expected. Dump all the problems on 4th quarter so 1st will look better. As to 1st quarter, debt will be reduced signifactly by the amount of $4.7 million, thats 1.6 mill to former owners of Soprano which they only had to pay 1/3 rd to settle and $3.1 mill from the sale of buildings. This in turn will reduce interest expense. Now we need the sale of other assets (not off road) to finish off debt and put cash in bank. It looks like expansion, contraction then profitability is the order of the day. Will this increase the stock price ? Fundementaly it should but experience shows otherwise.