it would be a good buy but for the cash flow situation.
The company has a big build up of inventory..stock they can't sell....$10 million worth.
It has $15,000 cash in hand and has had to take out an $8 million overdraft to fund operations.
I wonder how long they can continue to fund operations this way.
Eventually they will eventually have to start paying the bank it's interest and if they don't then down the toilet it goes.
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