PowerLinx Inc (PWNX)

[gotinearly]

First... I know the definition of Accounts Receivable.

Second, your conclusion on the accounts recievable is unjustified. There are many reasons why A/R can be 70% of sales. Not just a lack of the companies ability to collect.

Extremely high rate of growth (like 400+%), for example. In growth of this magnitude, if 70% of 2nd qtr sales is A/R it could possibly mean that the bulk of then sales occured in last 45 days of qtr.

The only true way to determine if your statements are accurate is to review the "aged accounts receivable listing"'

Get me that and I will help determine the problem.