GREY:LSTMF - Post by User
Comment by
bushhog1on Jun 26, 2016 8:17am
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Post# 24999230
RE:RE:LTS can payoff overdrawn LOC from regular business.
RE:RE:LTS can payoff overdrawn LOC from regular business.LTS was one of the few Companies that wa profitable in Q1 2016.
At the Q1 Conference Call last month ( May 2016) John Wright said that they will do much better in Q2 and will also remain cash flow positive even after accounting for the accrued interest payment.
However Management decided to use their cure period and to address their
LOC overdraft first