Intl BioChemical Industries Inc fka IBCL

[NoMoDo]

Absolutely! It is a big hint that there are problems.

"having lousy receivables is indicative of a poorly run company. woudnt you agree?

If you look at the the huge increase in A/R it coinsides with the new Megastar contract. It is possible that all of it is Megastar and they just can't find a way to get the money out of China as UToh suggests. As for who is making credit decisions, If it is all Megastar, who can blame them for taking that chance - a small startup company gets sales contract for $35 mil (almost 30 mil would be profit), I'd risk it while I figured out how to get the money.

Ty is the first loser.