James
What makes you believe they have heavy debt? This is an excerpt from the 3rd quarter earnings report
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During the nine months ended Sept. 30, 1996, ONPT improved its working capital from $319,000
at Dec. 31, 1995, to $1,088,000 at Sept. 30, 1996. Further, ONPT owed minimal current and
long-term debt, which was only $1,067,000 as of Sept. 30, 1996, on total assets of $14,033,000.
ONPT also continued to have substantial positive equity of $6,608,000 as of Sept. 30, 1996.
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What states did they mention as new? I know CT is one.But have not heard of any others that can be considered new. |
