"raises substantial doubt as to our ability to continue as a going concern."
Boiler plate and in any company's report with challenges similar to what these two have gone thru. An accounting firm wouldn't allow otherwise and still issue the report. And that's a Fact!
ALL rubber stamp language for the financial reports for ......well....... spec plays/turnarounds! Means nothing at .46. You already know what you're getting into. It would mean something at $10/share
"on terms it believes are more favorable than the existing credit facility"
They are not going to lie here
Yes, It's when it's expiring, Why do it until then?
They've already been working on it, for how long?
They're simply filing an SEC disclosure, I'm sure as required
If anything different than what disclosed, that would be misleading. I don't think they're into that
What do you consider near? cuz u've been saying that for 3+ years!
"The Company has entered into a non-binding letter of intent"
They wouldn't have opted out of the existing one without this. Pretty much a done deal. We just don't know the terms yet. If not, there probably be would be litigation about the disclosure wording.
Don't agree with your guess, but do agree we'll have to wait and see.
Now the cup 1/2 full side sees that they probably took the prior credit facility cuz that's all they could get, where now they are stabilized and in a better position of strength to explore the market for better options???
Not looking, they have new one targeted
"The Company has entered into a non-binding letter of intent with another lender for a replacement credit facility, on terms it believes are more favorable than the existing credit facility. The Company is in the process of finalizing the definitive agreements for the replacement credit facility and anticipates having the replacement credit facility in place by the end of December 2013, to coincide with expiration of the Access credit facility."
They are still in business
Haven't run out of cash yet
The low for the stock is .26, and it should only revisit that if the turnaround fails, which it has not yet
They didn't "lose" the SeaHawk deal!
"though it is yet not settled whether the cause was the drug or human error, though statistically it points to human error as the most likely possibility."
Far from Fact though! You bought the SPIN !!!!!!!
"lost"..... there's that word again....negative, negative, negative! I provided you a factual statement...... and not under Safe Harbor! You're the 10Q expert so find you're "lost" in the 10Q and I'll give it to you. You should also go see a shrink just to learn something about yourself. Ask them this question!.......Why do I see EVERYTHING negative about JSDA, and EVERYTHING positive about AFFY?........ and please report back!
I believe that to be the case before JSDA can move forward again, and for good. I find it hard to believe that JC won't beat 3.1 mil for comparable revenue period. Although not "beverage season", I would say this is the most likely Qtr to start beating revenue of some material %. I would be nice to see them make a profit though too!!!
costing millions......exactly....that's why they elected to not renew. Why re-new something that's not providing the benefit you anticipated? And costing that much when you don't have it. Was a cash drain....even before Meissner
Spin? Here it is. Find something that says "they lost it"
"We achieved everything and more than we originally set out to do with Qwest Field and the Seahawks organization," said Meissner. "The return of our focus on Jones core 12-ounce flavors in glass bottles and our need to support our efforts in markets from coast to coast created a shift in our marketing mix. We made a strategic decision that enables us to redeploy our remaining sponsorship dollars under this arrangement to focus on other initiatives that support our core business, and leaves the Seattle Seahawks in a good position to move forward with another carbonated beverage provider."