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namtae

08/01/15 3:17 PM

#38878 RE: ItsMyTurn #38875

COMPLETE NONSENSE!!!

FACT: PXYN has the liquidity to handle the deficiency. Funny how that part was left out of someones post.



Are you really trying to say PXYN has the liquidity to handle their illiquid status?? LMAO-- WOW!!

By DEFIINITION - Working Capital Deficiency means PXYN DOESNT HAVE THE LIQUIDITY or they wouldnt be DEFICIENT!!!

Geez, does this really need to be explained?

ItsMyTurn

08/01/15 3:42 PM

#38882 RE: ItsMyTurn #38875

Working Capitol is Assets - Liabilities.

Since PXYN posted a deficit of $1.7M+ and has assets of $1.8M+ would mean that they have 3.5M in total liabilities. My mistake. I assumed this was liabilities not deficit. I have to give this one to that poster unfortunately. If this is truly the case.

Still...This has to improve next 10Q if all going well