Wednesday, October 19, 2011 3:27:00 PM
I was thinking of posting that comment about "integrity" the same day that lx2a posted it. He hit it spot on that day.
In any case, here are my thoughts:
1. Accounts receivable of over 2.1M is interesting. Doesn't that mean that there is at least 2.1M in revenue? That seems low compared to what they were forecasting.
2. Accounts payable of about 2.1M is interesting, too.
3. Farid is owed 1.5M in salary. So he really isn't taking a salary, I guess. That shows something, I guess.
4. Most importantly, what is nearly 19.4M of "Additional Paid-in Capital?" Is that a loan?
5. -417k net income. And there are 800k shares outstanding?
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