Value Microcaps Free-For-All

[littlefish]

ALIF nightmare: "Revenues fell 6% sequentially.

A/R rose 36% sequentially..."

And Gilead and I were told by a couple respected posters there was nothing abnormal with a company posting more accts receivs of 30 days or less than total revs for the Q (last Q)...

Whatever. Maybe people will start watching these AR issues more closely. Personally, for traders it is probably less important whether a company can survive 2-3 years or not, but for the molders, it is critical for safety to smell for these things IMO.

But who knows, I haven't looked closely at it yet. Won't be able to until tonight. I didn't like tangible book value dropping last Q with cash getting eaten up either. They've raised over $14 mill in cash since 2007 by issuing shares I believe.

At least there is liquidity :) I probably won't have that luxury with AYSI's tough Q or two upcoming LOL.
Good luck.

PS- plus their revs are supposedly not JUST from this $5 charge idea, ao I still think the ARs greater than the revs was a pretty clear flag (from annual):

The Company generates revenues from the following sources;

(a)
Software agreements from the licensing of the Company’s software


(b)
Fees from mobile products sold to end users via telecommunications operators and carriers


(c)
Application, consulting and implementation services


Disclaimer:

I don't own this and there are others that I would think know the company better than me so this is just one opinion.