sell non-core assets? what kind of non-core assets left for them to sell? they raised bloody more than $150mil from shareholders plus the debt financing and bought the crap assets and write them off as huge loss.
do you want the whole list of written-off assets from 2008?Penumbra is this company last hope, if Penumbra can't be run profitably, this company will be gone...but don't expect penumbra to be profitable before 3rd quarter of 2013...
Even if Pen will be running at $20mil free cashflow, the profit for CCC will be just $10mil....so CCC will never ever show profit in the financial statement...
CCC Price at posting:
6.2¢ Sentiment: None Disclosure: Not Held