Integrated Freight Corp (fka IFCR)

[eddy2]

Average collection period is 54 thousand hours not days. Now divide that by an eight hour day and forty hour work week for the administration staff and that is approximately eleven years. What's all the fuss about. The debt is sold every ten years this leaving only a dilution of one year that has to be carried forward.

So yes it's a negative but if it's a big multi year contract that they have and it finishes before the collection period writen the 54,000 hour period could drastically be reduced exspecially if the large contract is followed by much smaller ones.

This is of course all speculation as to why the collection period is so long at 54,000 hours.

I can see many more shares being sold where the public will buy the liability of the crazy credit and collection period that's on the books.

They could and most likely have been issued equity on a standing offer basses to secure the credit liability that they maybe have been offered by this particular customer whom ever they are if at all any of this is making sense.

Buy buy while the debt and credit liability drives the outstanding shares higher.