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Friday, November 14, 2014 9:55:34 AM
Okay Supervisor I understand as I didn't know receivables were an accumulation, thanks for the lesson learnt.
But let me say then, if the gain for receivables was 100k then isn't that a 250% increase?
Then Q3 would be ~$390k for I-TEXTS alone, right?.... with assuming the same growth from Q1 to Q2.
But if I-TEXTS is a 'ball buster' like people seem to think it should be much larger right?
...and then what about all income from the other entities?
Still I would think the numbers in the next Q3 would be larger than $400k-$450k..... But hey, I'm freaking stupid so what do I know.
So here, the logic is wrong because of the assumption that the accounts receivable is from I-texts revenue. Nowhere, publicly, does it state this is the case. The AR could be from a loan, or multiple loans, from WNTR to I-texts.
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