Pareteum Corporation (fka TEUM)

[Surwin]

The speculation on the revenue adjustment downward has already been estimated by the company. So they overstated revenue and receivables. This should not have any impact on cashflow as stated by the company. If you take the last round of financing into account, which eliminated debt the company should become cashflow positive. Simple look at the cashflow and eliminate interest payments from the last financial statement and TEUM should be positive on the cashflow basis. They pushed all or most of the revenue overstatement into the receivables.

In my opinion one should be looking at the cashflow which will be a better indicator of where this company is going and if they are cashflow positive as of the last round of financing this might not look as bad as many think.

I started adding to my position once it broke above .46 and added more yesterday at .55 and .56