Estimated reading time: 0 minutes, 46 seconds

Gilman Plans $900K Debt Offering

Tuesday, Jun 14 2011
News
Written by 

Gilman logoGilmanCioccia, which offers financial planning and tax services, plans a $900,000 debt offering. The information was contained in a filing with the SEC that was made earlier this month. As is typical of such filings, little additional information was given, except for the fact the money being raised is not intended for merger and acquisition activity.

Gilman raised $700,000 through a debt offering in October that was amended in January. The amount was scheduled to have been repaid by May 13 with only $100,000 remaining to be paid as of May 11.

 

In its most recently reported results, Gilman said it had $467,000 in net income for the first quarter ended March 31, down 38.1 percent from $755,000 in the corresponding quarter of 2010. Its revenue for the most recently ended period was $12.1 million, a drop of 6.4 percent from $12.8 million a year earlier. However, the company had a net loss of $1.7 million for the nine months and a working capital deficit of $7 million on March 31.

Read 4903 times
Rate this item
(0 votes)
More in this category: « Republic Bank to Stay in Tax Biz SEC Suspends CPA with Revoked License »

Latest from The Progressive Accountant

Visit other PMG Sites:
Template Settings
Theme

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Link Color
Text Color

Header

Background Color
Background Image
pattern1 pattern2 pattern3 pattern4 pattern5

Footer

Background Color
Background Image
pattern1 pattern2 pattern3 pattern4 pattern5
Layout
Select layout
Menu
Select menu
Typography
Google Font
Body Font-size
Body Font-family
Direction
Reset