But those are all projections. Also on their website it looks they are now giving away digital for free. Didn't someone say the old digital sales were really lies as part of the package they included digital and that customers really didn't want it. you put out projections as they were some type of facts. The problem is in 1 year they are going to hit the date when debt comes due.
Also add back in .5 million and .75 million for the top 2 executives salary. It is not hard to do finance, many pink sheet stocks have beautiful financials with 2 million in revenue.
Trump entertainment, Alpha Natural Resources, and American Apparel could not even meet the interest payment. The 1st number is operating cash flow plus depreciation, the 2nd number is debt payment and the 3rd cash.
2015Q3 105 88 192
2015Q2 145 87 191
2015Q1 132 85 171
2014Q4 129 87 171
2014Q3 136 89 145
2014Q2 166 90 146
2014Q1 168 90 179
2013Q1 108 43 139
2012Q3 131 47 96
2012Q2 141 48 83
2012Q1 148 57 115
2011Q3 142 55 195
2011Q2 155 58 257
2010Q1 -2 11 60
2009Q3 30 39 75
2009Q2 10 39 65
2015Q12 -61 72
2015Q3 -9 10 7
Debt dropped from 2.597 billion to 1.965 billion in a year and a half at Dex One. I have a theory that many of these companies have no intention of being profitable, they are owned by the debt holders.
Look at all the pollution these electronic devices cause. Then the kids want a new device every 2 years.
I don't believe they use to have any long-term debt. They now have $1.2 billion in inventory. Next quarter is the big quarter.
Even people who bought at $40 are losing out. They would never buy if they did not believe this was worth $300. Thus, anything less than $300 is screwing the longs.
It appears the board is trying to keep their job? They have plenty of cash to pay all debt payments til end of next year and there has been no attempt to get debt from other sources. This was most likely a pre-planned bankruptcy from 3 years ago. Why the sudden change in 3 CEOs. So no one could be given the blame.
Seems the senior debt holders want to force the bankruptcy down our throats now to take the whole company before Joe turns it around. Will the bankruptcy judge fall for it?
Seems there is almost a sure trend when a company changes CEOs very quickly it almost always ends bad, people have short memories.
Why did DEXO get involved with Supermedia then and take over worse debt terms and their CEO that decided to skip out on them using Joe as Patsy?
Just want to check something.
8/7/15 Price $.31 open
7/7/15 price $.76
4/7/15 price $4.07 someone knew something, who is going to jail.
Furthermore, why give him a raise it does not make sense.