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Thursday, November 16, 2000 3:17:26 PM
Anyone who has been involved in a financial capacity in a business of any size at all, know that A) such a condition of high payables and slow receivables happens all the time with ALL businesses, and B) is remedied on an ongoing basis by short term borrowings of up to 70% of their valid receivables from their, OR ANY OTHER bank, OR, the factoring of invoices at any number of sources.
DO NOT LET THEM CONVINCE YOU THAT THIS IS ANY UNUSUAL OR MAJOR PROBLEM!!!
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