DABOSS, I'm weak on corporate finances but your assessment sounds right. Richardo might give us his opinion here. Sure hope they plan to completely pay off the $440K with part of the Casio money...guess we'll find that out around 15 Feb 09 in the 10Q.
Re: their statement about making future principal and interest payments with shares of common stock...why not pay this off as well if they have the cash? Would be suh-weet to enter 2009 with ZERO debt. Anyone?