Replies to post #249 on Skystar Bio-pharmaceutical Co. (fka SKBI)

[236T568]

HUH?

Seriously?

if someone didn't pay up the millions of A/R, then the cash amount listed on Balance Sheet in the financials filed with the SEC is completely false by $16 million

Which means that $16 million of the cash is missing and never existed

to not know this is just plain silly

Quote:
which means that the $16 million that they showed in cash as of the June 30, 2015 Balance Sheet, never existed

It probably means that someone didn't pay up. And that was the reason why the employee falsified the bank statements to begin with. It doesn't mean the money is missing.