Commercial Solutions Inc CSOSF

URGH!

[DTM5]

I refer to a previous post of mine (bottom) where I suggested that 'go forward' CSA could be at 100m of sales.
At this point, it appears as if we are going to be in the low 80 million range (20m+ per quarter).    That means a continuation of about 5.6 million of revenue per quarter.  They aren't anywhere near getting their expenses that low.  So we should look for another loss this quarter and probably for a couple / few more.   
My main concern at this point is where are they going to get more money to operate at this loss?   This is not going to turn around on its own via rapidly increasing sales over the next 12 months.  Even if sales go up by 25% (Highly unlikely) over the next 12 months we'll still only be at 100m and probably still losing money.  They are already maxed out at the bank and are now paying 'loan shark' rates of interest (and giving away 5% of the company at the same time) to a Mezzanine lender.    Urgh.   How much is management paying themselves for this disaster???
Anyone???
 "At 100m of sales with a 28% GM, they will only topline 28m or 7m per quarter. They have to get Waayyyy leaner than they are now to make that a profitable venture. They will have to eliminate another million of payroll, and slash a few more branches.  Do you think they'll do that?   I like the investment from my acquistion cost (buying in the .20s) I've staked my investment on management being able to sell the company / grow it or at a minimum save it."