Well, I read the latest SW 10Q. Very sobering. Essentially, it
is good that SW had a good quarter. However, they have continued
to lose money (less than in the past $477K...but still a loss)
Additionally, the 10Q suggests that given current conditions, they
don't have enough revenue to cover operating expenses, accounts
payable, and their debt. In general, they appear to be going
down the drain unless they can get the external funding to give
them enough room to recover.
Thus, Paul's Money Train needs to come into the station or SW
will be side tracked permanently.
I haven't seen much related to Strategic Partners...have they
had any impact on sales? The 10Q suggested that lack of revenue
hits their ability to improve sales...vicious cycle.
The 3 for 1 stock split will help in the short term, but that
December deadline is rapidly approaching. Even so, the 10Q clearly
states that SW is in violation of come of the debt extension
covenants.
SW better get that big money deal worked out soon...otherwise,
this company is going to close its doors.
Thanks, Kent. |
