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Gold/Mining/Energy : Rutter Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Brian who wrote (107)	4/28/2006 12:51:53 AM
From: Brian	Respond to of 178

And of course there is the going concern clause in the financial statements which state that "the financial statements have been prepared on the basis of accounting principles applicable to a going concern, which assume that the Company will continue in operation for the foreseeable future and will be able to realize its assets and liabilities in the normal course of operations. However, several adverse conditions exist which raise doubt on the validity of this assumption. The Company has incurred significant operating losses in recent years and has an accumulated deficit, significant short and long-term debt and is in violation of certain of its borrowing covenants on its operating line. No waiver has been provided to date for the covenant breaches, however negotiations with the lender to establish revised borrowing covenants are in progress" Let's hope the negotiations go well.

To: Brian who wrote (107)	4/29/2006 1:05:29 AM
From: Brian	Read Replies (2) \| Respond to of 178

The binding arbitration hearing is scheduled to begin on May 5, 2006. Anyone have any idea how long the case might take, or am I just posting to myself?