Now look at the Balance sheet --
CKA's Accounts payables has gone up from $11.6 mn to $18.2 mn. This is over and above the $25 mn is debt the company has.
Now normally you would expect a company to explain this sharp increase in liabilities in the Notes to Accounts. But hey...look below...NOT A SINGLE LINE OF EXPLANATION FOR THIS SHARP INCREASE IN LIABILITIES.
The company is bankrupt and toast. Eddie is going to take it over with all shares going to zero
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