Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from [Marty Elbom - Verizon Networks].
[Marty Elbom - Verizon Networks]
Pat I want to congratulate you and your team. You did a phenomenal job. I think it’s great. I think the news is great and you’re really on the right track here. We’d like to see certainly shareholder value increase a little but I think in time that’ll happen because you’re doing the right stuff and I just called to congratulate you.
J. Patrick Kenny
Thanks Marty. I appreciate you as a shareholder and appreciate your support and I know you’re stuck with it and we appreciate your support as a shareholder.
Operator
Our next question comes from Gerald Serrano - Independent.
Gerald Serrano - Independent
Congratulations on turning things around. Obviously last quarter you got hit with some tough markets and all that and it was a big question mark for us here on this coming quarter. But I’m glad to see that things turned around. So I too congratulate you on that. I think you guys did a heck of a job.
I have just a few questions. On the balance sheet obviously you’re down to $133,000 for the April ended. There’s no question you’re going to have to turn around and raise some capital. What are your plans in that sense?
J. Patrick Kenny
Right now today given those forward orders we have in the cash flow we will not be raising equity at this point in time nor do we anticipate the need to do it in the short term. One of the things that I think that we can’t communicate enough is that the power of - Trump vodka was a phenomenal introduction and there is no parallel I’m sure globally to the recognition of the Trump trademark, but Dre and Universal Interscope is a media machine. When you go to a marketing meeting with them, 36 departments show up and the marketing I don’t want to say obligation, the marketing initiative falls to their side of the equation. We’re producing a phenomenal product, we’re producing access to distribution, we’ve got spectacular production. A production relationship on those products give us substantial access to credit and production leeway so that I don’t need to raise or even change my credit facilities in order to go to market with those products and get them started. The resources, the robust bundle of resources that Interscope gives me I’m not going to be obligated to purchase those things. So between that and the fact that this industry operates on an expenditure formula of dollars per case, we think we’re in a good position going forward. And we think that the stock has the opportunity to continue to show value and we think we’re in a good place. That’s where we are today.
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