RE:only 7m due this year rest of debt is 2025 2027 ROUGETRADER719 - (5/16/2020 11:22:43 AM)
only 7m due this year rest of debt is 2025 2027 that gives them plenty of time to figure some things out i noticed theres not 1 word about there positive ebitda went from negative 6m to positive 3 m only people selling will be shorts and ones who dont understand the numbers just turned bullish
At least tell the truth you guys - facts are facts, look at the Balance Sheet the numbers don't lie.
Accts Receivable 11.5 million
Cash 8.5 million
Acccts Payable 27. million
Loans payable 120. million (total of which 50. was pushed to 2025)
So, current a/r and a/p (that means convertible in one fiscal year)
Good Money 20.0 million
Bad Money 97.0 million
They can't afford the utltity bill let alone the o/s loans.
The 7.0 million you refer to is a separate loan that will be repaid as soon as their facility is sold.
Buy Zena, buy, buy and then buy more! I need the sp just a little higher so I can get out.