InvestorsHub Logo
Followers 400
Posts 48587
Boards Moderated 0
Alias Born 06/20/2011

Re: CGardener post# 76430

Tuesday, 08/20/2013 4:37:02 PM

Tuesday, August 20, 2013 4:37:02 PM

Post# of 146837
Right now almost ALL the revenue, on which everything else hangs, is sitting on some pieces of paper since March for which not a single cent has been collected.

Most on here knew there had to be "some" A/R collected in this Q. There is ZERO. This supposed "$19 million" business has not a single cent in the bank. We can go back and look at the discussion after the first Q...but it's time to kick the can I guess.

This approach may get them by for another quarter or two until they have to start impairing the asset...

And we wonder what kind of shenanigans FINRA was referring to....