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Finjan Holdings, Inc. Message Board

  • remodawg remodawg Jun 25, 2009 3:09 PM Flag

    An Idiot writes, "All the new has been good" and despairs the Street's reaction

    When revenue is less than a half million dollars. Debt is more than 21 million dollars. Current losses are $3 or $4 million. Cumulative losses are $33,000,000. Christ, even gross margin is a double digit negative percentage.

    Were that not enough, they've incurred at least $90,000 in fines for air pollution and all their neighbors are seeking an injunction to close down the plant.

    Add to that they can't meet interest payments on the NJ bonds and that they are past due on more than $5 million on bills for construction that still is not complete. Some of these vendors took notes but the one owed the most has instituted foreclosure procedures on the Woodbridge plant.

    Throw in that they are involved with a fairytale scheme about Guiena with a well known penny stock scammer who was forced out of one of his many off-shore companies by a shareholder suit for making false and misleading statements.

    In the interest of being fair and balanced, they have given away a bunch of fertilizer to some golf courses in hopes they will test it. Not sure what the goal of the test is though. Probably some courses said yes so the salesman would go away.

    Then, of course, there is the great news truly worthy of a press release about a $150,000 sale (probably at a loss) of some liquid fertilizer to a father and three son company in Idaho.

    That's just the most recent good news. Is their a long with a brain?

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