no sense after fantastic financials
Slapppy: nothing "fantastic" about those financials at all.
Suppose you had friend who owned a used car lot in your town and he told you, "We had a great month in April, sold 28 cars - almost one a day!" You'd say, "That's great, maybe you can get that muddly lot of yours paved now." To which he replied, "Not yet, I haven't got paid yet for any of those cars, but the money is coming." How about those financials?
Exact same situation as MYEC for the 1st quarter. Its all in "Receivables". Ironic how the guy who is the creator of the world's
greatest instant payment system has to do business relying on 30 day,
60 day, or 90 day paper.(if we are lucky and all those receivables are paid up by the end of 2nd quarter). So business is a lot tougher for Ed than the "to the moon"ers on this board have forecast. It appears that he has to let customers try his product out for a while before demanding payment. If is system is as good as advertised here, most of those customers should be satisfied and start making payments per whatever agreements that they have with Ed. I believe MYEC will prosper, but not at warp speed. GLTA I expect to be excoriated by all those who predicted $0.25 "by end of May" etc. Won't bother me a bit.
AI
