Discussion in 'Stocks' started by ByLoSellHi, Feb 22, 2008.
Down .56 in AH trading.
She's a goner. Olevia brand TV's; what will become of them?
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.
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 âcertain Events of Default have occurred and are continuing underâ 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 companyâs financial behavior. The new loan provisions sets a mid-teens interest rate, establish an âoperational advisorâ 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.
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?
Holy Shit...look at thos POS run on that deal this morning....This may be the final run.
I won't touch it.
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