Clearly, this company is a joke. Aside from its debt issues, the company is factoring receivables - meaning it is getting the cash on invoices upfront from a bank/broker in return for a % fee once the invoice is paid.
Now, why would a company do this...
Maybe is has something to due with (a) the huge debt rock it is under and (b) the problem of near term cash flow to function the business. Given that the company seems to be unable to function for even 60 to 90 days without drawing on factored receivables and given that this percentage (usually 2-5% of total receivable value) is eating into the already hyper-slim margins of the guard business, things are not looking so lovely. The facts are what they are.
Read some of the earlier posts concerning their future prospects. Short story vesion: they will turn profitable this year and sales will continue to grow. MMs have been accumulating the past two weeks (notice the 10K block for sale at $3 to hold the price down and encourage selling). Check back in 3-6 months and note the appreciation % - it will be one the best performing NASDAQ stocks in '07.