Post by
jerrybe on May 13, 2015 9:34am
Sounds like BK is coming soon...
Not to sound too gloomy but they have a "going concern" notice with their financial statement.
That is not a good sign. If the firm has its credit lines curtailed, it will be in deep trouble. Maybe a very dilutive stock issuance would do the trick. I imagine they are actively looking for asset sales.
With John Wright on the board...maybe a tie-up with Lightstream...although they have their mountain of debt to climb and probably do not want $200M more debt...
Comment by
baranja on May 13, 2015 10:14am
I call LRE one of the worst performer and horrible stock to make money, but even they had "only" 40 millon loss, 0.12 per share. They have sold nothing and still produce 34k per day SGL produces 9 K per day with such a debt and loss comparing to the size is not good. Is there anything positive with SGL?
Comment by
ggrellette on May 13, 2015 10:17am
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Comment by
darkstream on May 13, 2015 4:39pm
-just listened to annual meeting -started at 4.15pm ended at 4.30pm. -what a joke -two questions asked -nothing of relevance said -board took a 5% paycut and one guy quit
Comment by
ggrellette on May 13, 2015 4:44pm
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