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Strategies & Market Trends : Ride the Tiger with CD
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To: Rocket Red who wrote (156861)5/6/2009 9:52:48 AM
From: UPTICK  Read Replies (1) of 312789
 
Doesn't look like cash to me...from one of the lasts NR.

"The Company's current unaudited working capital deficit is an estimated $20.5 million, which includes $10 million drawn on its amended demand based Credit Facility ("Credit Facility"). In addition, a $2 million letter of credit, set to expire on June 30, 2009, remains outstanding under the current Credit Facility. No further advances have been granted by the lender. In the face of this financial hardship, we are continuing to pursue alternate sources of working capital.
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