RE:RE:RE:RE:RE:RE:FinancingI don't think they filed the paperwork for fun, I think they are low on cash (albeit not enough to warrant them to need the money right away). My guess is they filed the paperwork, in case.
As for the postive EBTIDA:
- they have (5 million?) in tax credits, so I don't see them squaming over the "T" in EBTIDA
- depreciation isn't noticed from a cash flow perspective. Your equipment just gets older.
- the only thing I'm concerned with is the I&A in EBTIDA, interest and amortization, which, conincidentally, they are not having trouble with at the moment.
They have low cash levels yes, but their a company that has good prudent managment. They are very close to being cash flow positive, but if things don't work out 100% they have a plan B.