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Re: thecrusher2011 post# 64303

Thursday, 08/01/2013 2:11:09 AM

Thursday, August 01, 2013 2:11:09 AM

Post# of 121657
Thanks for clearing up the confusion.

the cash flows do not make any sense. If you have net income of $981,615 and only $478,230 in recievables then cash should be $503,385, but instead it is only $15,845. That money has to be reflected in the balance sheet somewhere



I do agree that it doesn't all add up.

The only thing I can think of is that they bought back 99 million shares during the quarter, which, if their average price was over .004 in that time frame, would have cost them over $400,000, which might just account for the difference. That should still be reflected somewhere, but where? It's not even in the cashflow section.