InvestorsHub Logo

TenKay

04/16/14 9:27 AM

#133092 RE: I-Glow #133083

They have to keep showing more and more revenue as they go. So far very little of it has been collected and the day the revs stop these fins go very bad very quickly.

It's like a pyramid scheme almost. As long as the show revs...increasing a little each quarter they can show the current AR as profit before it gets written off.

So either the revenue is fraudulent....OR...these guys are in a business where no one pays.

Either way...it is not good.