It's good to have you on the board sir and you input is most appreciated!
No I do not have my CPA, MBA, or CITP (I assure you that you do not want to get me started on those "paid for" credentials) but as you well know Enron's CFO Fastow was a Northwestern MBA ;0. My only concern after looking over the financials was Labwire's really high % gain in A/R. Obviously as a CEO you know the importance in keeping this number down. What good is earning work if you don't get paid for it in a timely fashion or at all?
Airdale talked to Mr. Morris and was told that some of the increase was due to the K9 revenue which is primarily one customer and they are slow in paying...but will pay. However it's still about 60% more than the increase of revenue from Mar. 05 to Mar. 06. Knowing Mr. Morris and as a shareholder of Labwire yourself how do you feel about their collection efforts and is he aware that this number is increasing % wise more than revenue itself?
With this said I feel that this company is really exciting. As another poster mentioned every crystal glass has a spot on it and a company no matter how great will have something as well. That Labwire knows about the effect of dilution for shareholders and the importance of keeping their A/R down so that they return to postive operating cash flow and are taking steps to work on those issues speaks volumes in my book. Thanks again Mr. Ginder and I apologize to the board for bringing this up again as I just wanted to hear what you have to say about the issue as well.
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