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China GrenTech Corp. Ltd. Message Board

  • chickenhatsdotcom chickenhatsdotcom Nov 11, 2010 7:46 AM Flag

    The balance sheet is awful ......

    Cash down from $85.5 million to $29.9 million, meaning in 2 quarters and at the company's "burn rate," the company will have to raise capital just to survive.

    A/R's up to $218 million

    Liabilities of a whopping $265 million

    Increase in bank loans to $95 million

    9 months EPS of 0.00, or a loss of $712K

    I'm telling you guys right now that the reason the company put out the last mis-leading PR was to get the PPS up, as the company is NO DOUBT needing to raise capital and dilute shareholders.

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