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To: JDN who wrote (9179)1/21/1998 1:09:00 PM
From: Rob L.  Read Replies (1) | Respond to of 31646
 
JDN, You obviously cannot read an annual report or its financial statements. Since I don't have inside info, I can only go by the latest data as prepared by the company. Do the ratios yourself. Debt/equity, working capital, net worth, current ratio, quick ratio, etc. If they weren't strapped for cash then why the PP? I would not be surprised to see a PP in the next couple of months to cover short term debt service. This is their biggest problem and, again, based on the risk outlined in the Annual Report, default is not an unlikely scenario and this risk should not be ignored.