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Re: Just1MoreUpTick post# 125370

Saturday, 08/18/2018 3:09:41 PM

Saturday, August 18, 2018 3:09:41 PM

Post# of 158568
Go read my posts on RBII board, it's even worse than that.

Not only is RBII counting that loan as AR at the full amount but they seem to be misreporting cash as well

I think RBII is using the conversion of old debt as a way to pocket cash related to new issuance. Cash flow should never take into account the conversion of debt into stock as it has zero impact on cash or the income statement as it's a dirrect hit to equity on the balance sheet, yet RBII is netting the conversion of old debt with the issuance of new debt on their cash flow thereby understating cash.

They took out $250k in debt yet are only counting $208k in cash, where is the other $42k