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Optimistic Trader

04/15/15 1:12 PM

#24444 RE: NCAR #24443

EXTREMELY RISKY...Not good financials is right! Hardly any cash on hand per the report, more debt, and revenue stinks!
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hiphop

04/15/15 3:59 PM

#24460 RE: NCAR #24443

reading through the 10k. they settled with White sky on mutually agreeable terms. guessing that one was a jump ball where no side got or gave much.

also they again blame their revenue decline last year on their lawsuit with WS but going back into other reports they have not done business with White Sky since 2012. So how do you blame a company who has not done business with you in 2+ years for last years revenue loss.

last, in 2013 they had 3 customers doing 80% of their revenue. in 2014 2 of those customers were gone. This company cannot keep partners which kills their revenue.