InvestorsHub Logo
Followers 12
Posts 2636
Boards Moderated 0
Alias Born 02/18/2010

Re: pantherj post# 67444

Sunday, 05/27/2012 7:17:48 AM

Sunday, May 27, 2012 7:17:48 AM

Post# of 76214
CAGR reports the exact same accounts receivable figure for Q1 2012 and end of year 2011. This is exactly why unaudited financials are meaningless. There's no way a legitimate business tracking money coming in can get these figures wrong and yet everyone signed off on this. There are many other inconsistencies in the recent financials as well.

Accounts receivable as of March 31st, 2012
$163,377

Accounts receivable as of December 31st, 2011
$163,377