No money to pay the billsI really dont know how taat will pay for their debts with so little money. Read below and i would
encourage you to hit that like button for the constant hard hitting facts delivered here.
And just about $450,000 to pay that 7.7 million in current liabilites.
As 95% of the revenue comes from ADCO, with a 5% gross margin,
they certainly wont be able to pay with those earnings imo.
They lost 3.2 million this quarter, and 3 million last quarter, so how in the
heck will they pay ?
Most likely by issuing more stock and diluting shareholders further.
They have no issue with issuing stock, as they do that on a regular basis
to give bonus to mgmt whom already have a large salary, and they have
also issued over 14 million shares this year alone !!!!
Ouch a reno, hard hitting fact a renos