Post by
Farmer9 on Dec 01, 2014 12:25pm
3rd quarter statements are out
Almost $3 million more in Liabilities than Assets. I'm not sure who would think that is a good thing.
Comment by
rationalexuberance on Dec 01, 2014 1:27pm
i had thought it had potential with the remco acquisition but i clued in a couple of months ago to the debt, the seasonality, the lack of c/f, the neg. shareholder equity and now i see in the last couple of days, management incompetence; what a basketcase; they're their own worst enemy.
Comment by
deleuze68 on Dec 01, 2014 5:21pm
I think you guys are being a little too hard on them. This quarter couldn't have been any better in all honesty, perfect execution. The debentures are being paid off as promised, and working capital is increasing by about 700K/quarter. As for seasonality it really is just the first quarter that is slow. 4th quarter should continue the positive momentum.
Comment by
Farmer9 on Dec 01, 2014 11:06pm
Don't be fooled by smoke and mirrors.