Mood Media Corporation T.MM

sale of latin business- cash on hand -riddle

[dreaddogs]

the riddle is what is the company going to do with the money on hand...

approx .... 29 million from Q3 -cash in hand
approx      16 million from the sale of the south american business
approx        8 million of savings from reducing 40 warehouses to 24 warehouses (phase 1
                       completed



maybe they should pay down some of the debt or hold on to the money...

any thoughts

[moneybag99]

how much did phase 1 save and when do they expect to close the remaining warehouses? the stock keeps moving up and down, day traders are playing around with it... im afraid to go in and out since i dont want to miss a big pop that can potentially happen anytime,,, what are your thoughts

[dreaddogs]

the last q3 -Nov 2013  ..they said that the company will be saving 8 million annual by reducing  from 40 to 24 warehouses....they also said that they are planning to bring that figure to approx 5 warehouses by end of Dec 2014.  MORE SAVINGS This Steve Richards sounds very confident in his approach.... he knows that the debt is what is holding the company share price a bit down