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Below is a list of today's twenty-five most distressed stocks (according to their Altman Z-Score or Z''-Score, respectively) with a share price of $5 or higher. For details on how this ranking list is compiled, please click here.
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MLKNA.PK - MLKNA 10K out. Ugly as expected.
Here's the 10K:
http://www.sec.gov/Arc...
Looks like a very big loss and less than $0.5 mill revs for Q4. Ouch.
Think this one was pretty obvious as a very high risk after Q3 last year to some but again I was surprised how many people were saying they were in it. Fortunately/Luckily some of them bailed ahead of these very ugly numbers.
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On another note, those accounts receivables are starting to look old enough to decompose. They did less than $400K revs yet ARs are still sky high IMO. Looking like a writeoff for ARs may have to be in the works at some point unless the ALIF hocus pocus machine is lent to them (see previous post on AILF.OB vs. MLKNA.PK).
MLKNA did a nice job converting cash recently raised to goodwill and intangible assets. Ugh.