I have done some very gross calculations - it doesnt look good.
5ml cash to debt of 37 ml - cant survive run by creditors?
Current assets less than current liabilities - can they pay their bills?
Debt repayments and capital requirements = 7ml yearly. They only have 5ml cash. May only have 1 year to turn this around, and I dont see any new products that could do this aside from their international sales. Can this save them?
On the positive side I have a PE of 3 on projected earnings of .01 cents a share for 2016, but can they survive?
Another positive - if they fail, debt is 37ml and equity 67ml. You may get something back!
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FUN Price at posting:
3.0¢ Sentiment: None Disclosure: Not Held
