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Sipex Corporation (SIPXE) Message Board

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  • dmxistheshit dmxistheshit Oct 19, 2005 9:01 AM Flag

    Sipex is now Profitable

    It's hard to tell the reasoning for their net worth figures by quarter. I for one won't even take a guess as to why it is scheduled as it is, if it's due to past results, or whatever else may be the reasoning.

    Seeing as how the Sep. 30 date has come and gone, it would be interesting to know whether or not they met the net worth requirement for the quarter. I'm not sure we'll ever know, but it would be nice. I wish we had even some of the information the bank is getting, as it would atleast be a slight insight ito their finances and current business. I'm also intrigued as to how they will fare with the liquidity ratio requirement. 1.5 shouldn't be that hard for them to obtain, but i'd like to be able to see the real hard number they actually present with their financials that the bank gets to view. Damn bank bastards, always usin my money for virtually free.

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    • The stock is way over sold. If you count the number of new products for the last year and a half, it is quite substantial for such a small company. I for one believe SIPX will do a lot better than net worth numbers used for the line of credit.