Terrible Q. Company is clearly not on track with
Post# of 3844
Posted On: 11/14/2014 6:43:43 PM
Terrible Q. Company is clearly not on track with their Geneva and Cincy facilities yet. They're delivering about 25 percent of what Martie projected (5M first full year...1.25M per Qtr).
Lots of convertible debt still hanging out there. If they don't have something worthwhile in the queue very soon that can generate substantial revenue, then be prepared for a sharp increase in the A/S and O/S after the beginning of the year (if not sooner). 7/1 liabilities/assets is terrible and does not bode well for anything other than more toxic financing.
They gotta buy something that can actually generate cash to pay some bills!
GLTA
Lots of convertible debt still hanging out there. If they don't have something worthwhile in the queue very soon that can generate substantial revenue, then be prepared for a sharp increase in the A/S and O/S after the beginning of the year (if not sooner). 7/1 liabilities/assets is terrible and does not bode well for anything other than more toxic financing.
They gotta buy something that can actually generate cash to pay some bills!
GLTA
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