Wednesday, April 22, 2015 11:22:14 AM
Q1 2014 $50.2m
Q2 2014 $44.7m
Q3 2014 $41.1m
Q4 2014 $30.6m
The numbers that I am looking at show Q3 revenues greater than Q2 revenues.
They have not borrowed more than $12 the last couple months. They have not run out of cash; if they did, they would have declared bankruptcy. So, stating that something is a fact does not make it so because you said so.
And where did you get the info that Capstone cut them off? If they did that, would they then give 20% of the company for making a payment that was owed? Makes no sense to me. And if Capstone did cut them, it would explain their Q4 revenue decline. You can't have your cake and it too.
As for Accounts Receivable and Inventory, only the former is down; and I would not say that it is way down. The latter is up compared to the same period that you are referencing.
My guess, it that Pyatt will retain chairman, rather than CEO.
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