GREY:FEVCF - Post by User
Comment by
MrStockingtonon Sep 01, 2009 11:10am
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Post# 16267343
RE: RE: RE:After the Bell Results are in....
RE: RE: RE:After the Bell Results are in....Sorry wurmsrus what exactly about this news release do you think is a major bonus?
- the dilution of total shares
- a current working capital of over $100,000 in debt
- the fact that they still pay for the old warehouse?
- the complete lack of confidence the company has in securing the required financing
They mentioned one buyer in writing for $300,000 - $500,000 for September which if happens is nice but that barely puts the company in the positive side of things. It is September can't really see the buyers lining up to purchase products this time of year.
They can only carry the "development stage" moniker for so long; these guys have to start producing results or things will just continue to look worse and worse.