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Thursday, November 19, 2015 8:22:43 AM
There is a lot of misinformation being posted about $PXYN's financial condition. The company is doing great...
With 36 million dollars in ACCOUNTS RECEIVABLE - after writedowns - and 11 million dollars coming in SHORT TERM - CURRENT - Accounts receivable as of the end of LAST QUARTER, there is plenty of cash available for $PXYN to pay suppliers - marketers - and, of course, taxes, but only when payments are due, as do most profitable companies.
Praxsyn paid their marketing companies over 10 million dollars last quarter! Praxsyn has reported 12.4 million dollars in NET PROFITS for just 3 quarters of 2015!
So all the noise about the financial situation is just scare tactics... Here is the truth..
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