Post by
TheRock07 on Jul 08, 2015 12:24pm
BMO not Onerous
It amounts to $8.9 million which is not all that substantive.
A combination of aggressive cost cuts, $12 million in deferred revenue and possibly selling some of the assets would easily cover this.
Or, LOY may be sold once it is right sided by MBA.
New management have bought in at 12 cents.
Thats your investing guideline..
Comment by
InternalAudit68 on Jul 08, 2015 12:59pm
This post has been removed in accordance with Community Policy
Comment by
Yun321 on Jul 09, 2015 12:24am
So, Gerritos is not loading up ? I thought Gerritos is loading up since it got new management team.
Comment by
schoolboy on Jul 09, 2015 1:33am
That pretty much sums it up. We can hope for a positive press release or some such abstract hope of optimism but the fact is that Ryu took the money and mismanaged the company at the same time. At this point, the deferred revenue alone is enough to sink the ship. Then, there is the BMO loan, declining sales, etc.