Wednesday, June 03, 2009 10:17:09 AM
They can claim to have made money off that 9 million when I see the cash in the bank account from those who owe them that money - until then that $9 million was sold at a negative margin.
Most of it is over 90 days in arrears at end of December and given that Jared has said that they have been slow at collecting receivables, I believe that much of it is now 210 days in arrears. So what is your profit when you ship the product and eat the cost and then do not get paid????
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