Syntax-Brillian is @ .95

Discussion in 'Stocks' started by ByLoSellHi, Feb 22, 2008.

  1. Down .56 in AH trading.

    She's a goner. Olevia brand TV's; what will become of them?
  2. I think I am going to get some.

    I own 2 olevia's TV. They are pretty good.

    Positive EPS, and low PE. Not like I look at the PE and EPS much, but look like a good hold.
  3. You may want to rethink that.

    Syntax-Brillian (BRLC), maker of Olevia brand LCD televisions, is in deep financial trouble.

    In an 8-K filing with the SEC Thursday night, the company disclosed a letter from Silver Point Finance, as agent for a group of lenders, which said that “certain Events of Default have occurred and are continuing under” a credit agreement in which Syntax-Brillian owes more than $137 million.

    The filing also includes an amended credit agreement which adds a host of severe new strictures on the company’s financial behavior. The new loan provisions sets a mid-teens interest rate, establish an “operational advisor” to oversee cash management at the company, restricts access to additional credit, requires weekly reports on where the cash is going and a host of other requirements.
  4. I don't think she hit .56. She hit .83 in AH on Thurs. night and ran to $1 and about 3 5-10% runs on Friday.

    I say leave it for the dreamers of penny stock pushers for dreams of buyouts and multi-bag. Stick a fork in her. Who's next?
  5. Holy Shit...look at thos POS run on that deal this morning....This may be the final run.

    I won't touch it.