They are still bleeding cash...they are heavily in debt and have defaulted already before on this debt. With their O/D the only lifeline for the moment they only have $2m left (on the O/D) and they are losing circa $500k a quarter...end of the year the co is gone unless they raise money and they will be doing this unless as you say they increase sales dramatically (winter..tough time of year) in the very very near term. Is Olsen still there earning his $170k a year?????
GRB Price at posting:
5.4¢ Sentiment: Sell Disclosure: Held