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Wednesday, January 08, 2014 1:39:10 PM
My three takeaways from the number were and still are:
1) revenue numbers are solid with a reasonable profit margin
2) employee / payroll does not appear to be included in the report, which, if missing , would significantly decrease profit margin
3) cash position is a BIG issue. A company with $1M in sales should not have less than $800 in cash. And then the AR Is $500,000+ which indicates that they are not getting paid.
As a shareholder, that raises the concern that they are going to use Shares to pay for their operations. If that is the case the PPS will take a hit....a big one....
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