InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,963.17
(
-0.37%
)
US TECH 100
20,407.23
(
-0.40%
)
Dow Jones
43,831.75
(
-0.29%
)
Brent Oil
71.90
(
0.04%
)
Bitcoin
88,959.96
(
-1.77%
)
Post# of 35792
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

microcaps1

Send PM Follow Ignore
Followers 74
Posts 7117
Boards Moderated 0
Alias Born 03/31/2010

microcaps1

Re: flemdog33 post# 16304

Wednesday, 10/26/2016 8:23:49 AM

Wednesday, October 26, 2016 8:23:49 AM

Post# of 35792
accounts payable will always exist

660k liability is from a previously convertible instrument not convertible anymore

last financials showed 265k in convertibles- CEO noted as published in PR that other convertibles(not presently convertible) had been reduced also-maybe paid off by now
but more important than the outdated financials to be updated soon is all the deals and income streams PR'd lately-the wherewithal to pay off debt and grow

accountants like to see a current ratio (CR- ca over cl) of 2 but that rarely exists at this price point-at this point a CR of .01 is not uncommon

1 company[not NEWC] I looked at had 50M liability and only 5k assets-how?

Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up