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236T568

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236T568

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Friday, 10/30/2015 1:43:15 PM

Friday, October 30, 2015 1:43:15 PM

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The Case of the Missing $16 million in Cash from SKBI's bank account:



http://www.sec.gov/Archives/edgar/data/1076939/000114420415049937/v418219_nt10q.htm


Since 2014, the Registrant extended payment terms to its distributors that are responsible for collecting payments from the Registrant’s customers. As a result, the Registrant expects that its accounts receivable will increase by approximately $24 million and unrestricted cash will decrease by approximately $16 million as of June 30, 2015 as compared to the same period of the last fiscal year.
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