OTCPK:OCLN - Post by User
Post by
thesheeton Jul 07, 2016 10:28am
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Post# 25031374
debt levels....
debt levels....I've been watching these company for years.
A lot of good things have happened.
1) change in strategy from "trying to save the world" oil production from algae
2) gaining some cash flow from aquistion and new contracts
Everytime I look at their balance sheet, (and im not skilled at this), I see freaking hideous amounts of debt. I have been burned investing in companies like this before since even if they manage to get themselves out of financial problems, the shareholder dilution simple kills the shareholder, not to mention the real risk of the stock going to zero.
anyone with thoughts on ocln debt levels and its ability to climb out of this?