Thursday, March 19, 2015 11:01:32 AM
This company had periods of no cash yet managed to still deliver over $11,000,000 in sales and earnings of approx $1,000,000. I am happy to see they used some of the cash to retire the non convertible preferred shares and to utilize the rest to develop more projects.
Regarding your statement of "increased receivables."..
This simply is not true. Reading the statements over the past few years you can clearly see the sales have been increasing dramatically and the receivables have been getting collected and declining.
Finally, this company is in many international markets as outlined on the company website..
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