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juqu - I'm interested in your negative information and don't keep it to yourself.

There is reason to panic. Even though many companies suffer in the current financial mess, many will survive (hope MGX as well) and some not.

Today might be the black Friday on NY market (DOW already down - 550 before market open).
Does it mean the sky will fall and we won't survive? no
Should we panic and through our babies into water? No (Market goes down and will go up)

As to MGX:
Delays and layoffs might be a prudent decision, due to the decreased demand and the need to maintain cash.
The balance sheet is sound and MGX will benefit when the better time comes. Surely I will enjoy it hehehe

Current Position ($ 000) - 2008

Cash Assets----------------- 48,658
Receivables----------------- 83,436
Inventory-------------------- 71,448
Others------------------------ 26,731
Total Current Assets------ 230,273
Accounts Payable--------- 73,406
Debt Due---------------------- 12,415
Others------------------------ 2,222
Total Current Liabilities 88,043


Cheers and have a nice weekend NJ
NJ