Trojan Technologies Inc. - T.TUV Message Board

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Gold/Mining/Energy : Trojan Technologies Inc. - T.TUV

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To: Mark Duess who wrote (78)	8/4/2000 7:36:45 AM
From: Carpe per Diem	Read Replies (1) of 127

Hi Mark, You're right, cash on hand or equivalent is zip right now, however they have a working capital position of around $34 million, at the end of May. This year's dismal results has stripped the company of cash and the only way to change this is simply grow revenues and/or dramatically trim expenses...and turn a profit. The bright side to this current malaise is that the shares are cheap, and if they can take advantage of the current demand and awareness for safe drinking water they could easily double from this point. This is a sick company however, the balance sheet still looks brutal. Management has to execute, or they will have to shrink the business again to try and return operations to profitability. Time will tell. RInks

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