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Jones Soda Co. (JSDA) Message Board

  • funthatfree funthatfree Nov 24, 2013 5:16 PM Flag

    MACRO-AXIS has jones probability of Bankruptcy@ less than 1%

    Sorry I stand corrected!

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    • WITH 6.8 MIL in ASSETS and only 2.5 MIL in LIABILITIES not MUCH chance OF BANKRUPTCY!

      • 1 Reply to flashmckay123
      • nuttierthansquirrellshiat nuttierthansquirrellshiat Nov 25, 2013 6:33 PM Flag

        with 1.3 in cash jsda does not have enough cash to pay their current liabilities..and jsda tells you in their 10Q they have enough cash to last 7 months and might not be able to raise more capital to survive...

        but you want to pump some sight that has jones at 1% over the next 2 years....see how stupid you look now...dumbazz's

        right from the 10Q :

        As of the date of this Report, we believe that our current cash and cash equivalents will be sufficient to meet our anticipated cash needs into the first half of 2014. During 2012, we made significant reductions in operating expenses and personnel, primarily in the second half of 2012, to better align our operations with available capital and slow our cash used for operations. We have continued these reduced operating expenses into 2013. We believe that these cost controls and realigned expenses are strategically important to ensure our long-term viability. However, these significant cost containment measures may negatively impact our sales and may make it difficult to achieve top-line growth.

 
JSDA
0.445-0.007(-1.57%)Oct 1 3:40 PMEDT

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