In addition, the sale of the Machine Tool division will eliminate the approximately 4M (?) in debt remaining on it. Apparently there was no quick way that division could generate enough revenue after expenses to pay itself off and have profit remaining. With this drag off the company, we are that much closer to being profitable.
Question- how much will the Machinery Tool division fetch on the open market? Question- how much will Bulova Europe (?) fetch as well?
Whatever is left after debt payments can be used for additional BT Twiss ownership. What will that be by Annual Report time, I wonder?
Any guesses.
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