Payment Data Systems Inc (PYDS)

[dmmm]

ash, I'll take a stab at this because you seem really confused.

I think you are trying to separate the cash balance from the operating assets of the business. In this case you can't do that. The cash balance is an operating asset because of their business model. There is no way they would be able to maintain their current liabilities without the cash balance.

Please take a minute to try to understand this.