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Thursday, September 14, 2017 6:49:15 PM
They have no debt "to crush away". The company has a line of credit with a local bank to meet short term cash needs. Simply due to the accrual basis of accounting (revenues earned and cash received do rarely match in timing). That line of credit just happened to stand at $260k on June 30th and is recorded as "note payable" which is a bit misleading as the term is usually used for convertible debt. This amount is unlikely to be zero at any point in time and may just as well be higher again at the Q3 balance sheet date of 30th September.
Anyway, just going through the Q2 report now, none of you seem to have spotted the most interesting event...
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM