Praxsyn Corp (PXYN)

[Richpou]

no we do not all agree that at all.
Most of that loss was 1 time charges reported in the Q, and they still made money. A paper loss on factoring is just that.. a paper loss. If I sell something for 10 dollars.. and need the money.. I sell my billable's to you for 3 dollars, cost of producing goods is 1 dollar.. I still made 2 dollars. The "loss" of 7 dollars that they are reporting is a paper loss only.

What needs to start happening which they addressed is that they are going to be moving more billings in house, which will lessen the factoring that they need to do, using as above. sell 10 dollars, receive 6 dollars now with the help of in house billings, factoring less and less over time... paper loss of 4 dollars. cost is still 1 dollar to produce.. = more money.