Post by
intheknow8 on Apr 03, 2011 1:56am
Toast
Unfortunately these guys are Toast.
Don't dispute have worked hard to make it a success.
However their gross profit can't even cover SG&A.
Marti stepped down so he could continue to milk ATQ
for his severance.
San Jose was suppose to be ATQ's Great White Hope.
However obviously this adventure was mismanaged.
Based on financials they are almost technically
bankrupt.
RH Tech have got to be asking themselves how they
blundered into this Money Pit.
ATQ won't be able to do any Private Placements
because stock price is so low.
They can only depend on RH Tech for further funding.
For which of course RH charges a healthy interest rate
of twelve (12) per cent.
ATQ has almost maxed out their Bank line of credit.
Will their Bank increase this line ---NOooooo.
So it comes down to RH and whether they will continue
to lend good money after bad. It is a coin toss on this one.
ATQ doesn't even own there Mfging facilities. This was a
major error. Particularly given the low mortgage rate
environment for the last decade. At least by this time they
could have paid off majority of Mortgages and had a
growing asset on their Books. However not these guys.
They have lots of equipment. But of course this stuff
depreciates, instead of appreciating.
Even if ATQ had decided long ago to offer Engineering
Services they could have developed technology and
developed a Patent Portfolio over time - which would
have had tangible value. But not these Guys.
They can only hope that the Toaster is broken.
Comment by
Add2 on Apr 11, 2011 10:52am
What world do you live in? Property is DOWN 80% so its great that they didn't own.Revenues are up!One time charges made Q look worstThis company is streamlining like the other 99% of the survivors in this world that will be around to cash in.Were"s all the dumpers? HmmmmI hope your bank account reflects your fancy words. Haha
Comment by
alfredenueman on Apr 13, 2011 11:53am
This guy should be ignored, it will keep the baord cleaner...by by intheknow
Comment by
mltrader2012 on Apr 13, 2011 12:37pm
probably a fired exec trying to burn the stock...give him some prozak