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Ballantyne Strong, Inc Message Board

myopian2000 1 post  |  Last Activity: Nov 17, 2015 12:57 PM Member since: Jul 13, 2005
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  • myopian2000 myopian2000 Nov 17, 2015 12:57 PM Flag

    Well, they've burned through over $311 million in cash, still have $187 million on their LTDebt and are still losing $3 million per month. With the price sinking under 50 cents it's gonna be much harder to raise working capital with a pump and dump. I just can['t believe they've held on this long. Doesn't matter what their revenue is if they can't make a profit with it and the debt service will preclude that. Also delisting from NASDAQ will start coming up necessitating a reverse split along with massive devaluation per share. At least IMHO. Good luck with it tho.

4.52+0.22(+5.12%)Nov 30 4:04 PMEST