
Skip to content Hawaii Agriculture Hawaii Agriculture Blog Hawaii Agriculture and Related Stocks ETFs ETNs Indexs Annual Charts Faces of Agriculture Contact Us Okolehao The Maui News ML P viability in doubt The Maui News Published on December 30, 2009 in General Ag News and Notes 0 Comments Click for larger image WAILUKU Maui Land Pineapple Co . 8217 s unrelenting losses and deep debts could sink the company , according to . auditors In a report filed Monday with the Securities and Exchange Commission , ML P said auditors found the company’s future jeopardized by its financial losses , weak cash reserves , an inability to meet certain financial obligations and an overall balance sheet that shows the company’s liabilities exceeding its assets by more than 60 . million ML P is counting on being able to sell some of its real estate in order to meet its financial obligations and raise cash , but in a down real estate market that plan’s success is uncertain , the report . says There can be no assurance that the company will be able to sell real estate assets at acceptable prices , or at all , or that it will be able to maintain compliance with financial covenants , which raises