RE:RE:NEW LOANThey were technically insolvent their last financials and despite new borrowing their persistent negative cash flow will maintain this situation, with an increasing debt: equity over 5.5 and extreme interest rate imposition.
Can they ever make positive cash flow to stem this? It will take a miracle in business and margin growth IMO. I said previously, who the devil conceived they could payback EVEN THE INITIAL LENDING?
Seems they might have been duped in the acquisition process but have yet to see how legal case progresses.