![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Saturday, September 09, 2000 9:54:30 PM
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.
HealthLynked Corp. Announces Second Quarter and First Half 2024 Results: Continued Cost Reductions Set the Stage for Strategic Shift to App-Based Technology Services • HLYK • Aug 16, 2024 8:00 AM
PickleJar Announces Official Name Change and New Ticker Symbol • NREG • Aug 15, 2024 2:23 PM
VAYK's Q2 Profit Added to Accumulated Net Profit of Over $2.2 Million In 18 Months • VAYK • Aug 15, 2024 9:07 AM
Swifty Global Reports Strong Q2 Performance and Prepares for Major Exchange Uplisting • DRCR • Aug 15, 2024 9:04 AM
Mayback's Global Entertainment Signs Global Distribution Agreement with Children's Media Studio • AHRO • Aug 15, 2024 8:45 AM
POET Technologies Reports Second Quarter 2024 Financial Results • POET • Aug 15, 2024 8:04 AM