SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Vari-L (VARL)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bosco who wrote (2603)12/21/2000 6:04:09 PM
From: akmike  Read Replies (1) of 2702
 
Hi, Bosco--you are on the right track. What puzzles me is how the fixed assets could go down from nearly zero. They were already publicly valued for peanuts on 9/12, so when the pay-down was made on 9/29 of 1.6 mil. how did we go l.1 mil. below near-zero just by having an appraisal? Clearly, the company was telling the bank something different than they were telling us back in September. It is also possible that the paydown was related to something else, in part. For example, the bank may have reduced the eligibility for base calculation for equipment from 60% to 30%. I would need to go back to the filing for the first waiver to figure out exactly what is going on.
Labrador is right on: "surreptitious"
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News