InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,346.99
(
-0.11%
)
US TECH 100
18,490.00
(
-0.24%
)
Dow Jones
38,798.99
(
-0.22%
)
Brent Oil
79.40
(
0.00%
)
Bitcoin
69,316.69
(
-0.02%
)
Post# of 74547
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

rjviking

Send PM Follow Ignore
Followers 18
Posts 2842
Boards Moderated 0
Alias Born 12/09/2009

rjviking

Re: jaxstraw post# 67247

Wednesday, 09/21/2011 3:18:45 PM

Wednesday, September 21, 2011 3:18:45 PM

Post# of 74547
I was taught at business school that "receivables" were an asset not a liablity or debt.

QSGI to collect approximately $725,000 of The Gasket Guy's accounts receivables



You stated that:

It is also apparent that The Gasket Guy is at least 750k in debt and has used it's assets as collateral.



I guess I'm just not understanding why you would say the $750,000 they are owed by customers would be classified as debt.

rj

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up