Isn't this wonderful?
Syntax-Brillian Corporation shares now under $1
Posted February 22nd, 2008 by Ted Gottsegen in Financial News
"Syntax-Brillian Corp. (Public, NASDAQ:BRLC) is today's biggest loser, falling 33% to under $1 a share, making it's one year-to-date return -88%.
In an 8-K filing with the Securities and Exchange Commission late Thursday, Syntax-Brillian said it has acknowledged certain 'specified events of default' under the credit agreement, and the lenders have agreed to forbear from exercising their remedies as a result of these specified events of default.
Add to it that on Feb 11th, BRLC said they need additional time to complete its financial statements for its second fiscal quarter ended December 31, 2007 and down the ship goes.
Who the hell is Syntax-Brillian again?
Syntax-Brillian Corporation (
www.syntaxbrillian.com) is one of the world's leading manufacturers and marketers of LCD HDTVs, digital cameras, and microdisplay entertainment products. The Company's lead products include its Olevia(TM) brand (
www.Olevia.com) high-definition widescreen LCD televisions -- one of the fastest growing global TV brands -- and Vivitar brand (
www.vivitar.com) digital still and video cameras. Syntax-Brillian has built an Asian supply chain coupled with an international manufacturing and distribution network to support worldwide retail sales channels and position the Company as a market leader in consumer digital entertainment products. "
Read the rest here:
www.thestockmasters.com/brlc-02222008.html