Praxsyn Corp (PXYN)

[OhManIDied]

Cd, I have to agree with Rhenarium about the factoring.

They are selling the rights to collect on their ARs, for a fixed price which reflects the amount of work required to collect the money (based on the quality of the debt), not lending them out.

There are various types of factoring deals and sometimes the terminology overlaps for different type of financial deals but if they were to realize profits on their sold ARs after the factor finished collecting on them, why would they add the difference (in known value and sale price) on the balance sheet as a financing LOSS?

PAWS