why should it bounce back?
any cash balance quoted IS NOT net of liabs - has $37 in trade & other payables!!! ALL OF WHICH ARE CURRENT & PAYABLE!
- NET DEBT POSITION OF $16M - how will this be financed? let alone pay the fat cats?
holding $$$ inventory (cost of carry - can it be sold?), and tiny trade receivables ($9m) wont help...whats the monthly cash burn.....! they will need a lifeline, asset sales too slow...some predator will pounce, for nix!
i feel for all.....hope i am wrong...GLTAH
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