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Gold/Mining/Energy : Canadian Microcaps

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To: diddlysquatz who wrote (709)	12/2/2009 6:18:53 PM
From: Gulo	of 817

It has been ten years since Ceapro [t]TSX:CZO[/t] (<span style='font-size:11px'>LAST</span>: 0<span style='font-size:11px'> 12:00:00 AM</span>) went to zombie land. The old management is gone, and the new management seems to have streamlined operations and gotten out from under the weight of the old liabilities, if only barely. Ceapro has never had a problem finding a market for their products and revenues seem to be limited mostly by their ability to produce. The problem has always been the financial straight-jacket they were in because of the old management's decisions. Now that that is cleared up, this company is back with a vengeance. Who would have thought a year ago that this company would now be making aggressive expansion plans? The only real question is what the "recapitalization" will look like. Best case: outsourcing double sales next year, profit of 2-3 cents, followed by new "much larger" plant in 2011, with 5-10 cents/share in 2012. Bad case: refinance requires dilution of 10% to cover short term cash flow, outsourcing still doubles sales. Worst case: can't refinance, creditors take over company

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