Viscount Systems (VSYS)

[finrafriend]

Awesome, Raefield skipped toxic financing and when straight to receivables factoring. I guess he was right during the 2015 AGM when he said that under his leadership the company would never have to raise capital again. Bankrupt companies don't need cash. Go VSYS.

Could be worse. Based on their burn rate and receivables balance he simply sold off whatever profit was in the receivables to keep his checks coming for 2-3 months.