Now the working capital deficit is only $7 million
But as I asked earlier, has anyone asked Rakuten if they want to link up with the Loco Corpse? Probably not, and the answer would probably be no.
Loco Corpse will simply peel off some of the goodwill on its balance sheet, and give that to the debt-holders. After all, that's the only asset that it has left.
Odd that you keep ripping a guy you were in full agreement with just a month or so ago. Where do you have your own hand?
Flank/stann/whatever, you remind me of Lamar in the movie "Joe Kidd" when Kidd (played by Clint Eastwood) decks Lamar twice, and when Lamar gets up and goes after Kidd again, only to be flattened again, Mingo looks up and says "That boy just don't learn."
"that was decades ago this is new era and market more favarobale [sic]"
That's okay...this management will figure a way to screw it all up!
On what basis do you say that? Have you seen a balance sheet? The websites look like they were put together by 12-year-olds. Note also that the company's employment roster numbers somewhere beween one and ten.
You mind telling us what your humping "Localzz" has to do with the investment thesis for or against LOCM? If you can't do it, please go somewhere else.
In other words, they fired people while they still advertise open positions. What a class act!
The debt paydown was forced, under the terms of the LOC whereby the amount of credit extended is driven by revenue. With revenue falling short of expectations, the bank called a portion of the credit in. Management is a bit sleazy giving the indication that the paydown was a matter of prudent financial management on its part. Stann is a lot sleazy to keep posting this #$%$.