Summit Securities narrows November loss to $639,136

By Jeff Pines

Washington, Dec. 30 - Summit Securities narrowed its November loss to $639,136 from $3.81 million in October, according to the company's monthly operating report filed with the U.S. Bankruptcy Court for the Eastern District of Washington.

Revenues for November were $173,935, down from October's $201,367.

On Nov. 30, total cash was $3.39 million, up from Oct. 31's $3.3 million.

Metropolitan Mortgage & Securities Co. and Summit filed for bankruptcy on Feb. 4, 2004. Their Chapter 11 case number is 04-00757.

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