Mrs. Francisco we know they are selling us the receivables that only a small portion has been sold outside the company. This could be building material to inventory to may numerous other commodity items including R&D as well the training of personal all built on fabricated earnings from the selling of over priced equity.
Welcome to the stock market in all its glory but its what they are going to do once the receivables are sold that has me concern cause if its a one trick pony and assets are leased while the fat cats lean back and collect there wages leaving little after that for the share holders this is what concerns me. All to often there are poor lease agreements put in place to lease the plant back to its owner leaving the owners as well in a management capacity of the capital raised by the selling of the produced product of the leased assets to those individuals who sold the assets to the public.
A leased agreement should be depreciation plus capital cost for the asset and this company is well short of this figure as noted in the financials.
Do your own DD don't take my word on this, everyone is titled to an opinion.
We who have seen this scam since 2010 know that is all it is. Some who showed up with latest scam play MJ refuse to see it. This stock should have been halted years ago. To allow a 3rd scam with new MJ after first 2 by same people in control terrible. If results where any good they have filed long ago and showed them. That is how bad it is.
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