Sunday, October 26, 2014 5:42:28 PM
I have no respect for utter BS. Have a different opinion if we must, but spewing crystal ball BS is a low I just won't tolerate. The CEO did not raise the AS to 1 billion because it was a nice round number and the negative net worth is a historically growing problem quarter to quarter. The AS will be at best 5x the CURRENT dilution requirements, which means 200,000,000 OS is coming like a manure freight train. Remember when the AS doubled to 150 million and it was "nothing"? Well, is certainly something now that it has quadrupled. As for what sort of companies are on the OTC, if you don't already know then this is not the market for you.
I've heard the debt is made up of mostly non-cash accounting. OK, so are the assets by being 80% accounts receivable that has already been borrowed against IN TRIPLICATE (factoring, convertible notes at 50% total premium/interest, delinquent payroll taxes). This company can't even keep up with the loan premiums/interest, much less the principle. This is why borrowing increased 250% in 2014 even though branch growth was only 130% and revenue growth is projected to be only about 65% YOY.
Let me guess, I'm "wrong, wrong, wrong".......on a going forward basis. ROTFLMAO!
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