LIQUIDITY ALERT: Singing Machine Has US$1.5MM Current Deficit

The Singing Machine Company, Inc., had a working capital deficit of US$1,545,556 at March 31, 2011, compared with a working capital deficit of US$1,344,634 at March 31, 2010.

On March 31,…

LIQUIDITY ALERT: Jennifer Convertibles Has US$23MM Current Deficit

As of May 29, 2010, Jennifer Convertibles, Inc. had a working capital deficiency of US$23.3 million compared to a deficiency of US$5.3 million at August 29, 2009.

The Company had available…