Volume today was interesting...from what I gathered from a little DD here....
they have $0 cash, all of their operations depend on their operating cash flows and their credit line. They are not in compliance with their credit line i believe according to the 10Q but the bank has re modified terms with them. I believe they also stated in 2012 they would like to refinance.
Their earnings were impacted from smaller sales and the move from Virginia to Florida, however the move to Florida should allow them to secure more contracts.
The $17million in contracts they got last year is over 3 yr period of work, with options.
Management believes there are short term issues but long term they have a great chance of growing the biz.
I agree what do people think about upcoming earnings here?