Sorry, but AR that cant be collected or cant be collected in the next several years or that must be factored to receive a pittance of 10-20 cents on the dollar, make PXYNs AR picture a catastrophe
No wonder PXYN was worse than BROKE on Sept 30th!!
Its now mid November, PXYNs cash must be ZERO and Working Capital Deficit close to $25M!!!!
Yes, $25MILLION....my Working Capital Deficit estimate for Q3 was $13-14M and it came in at $17M!!! Even I didnt think PXYN would deteriorate that quickly
Stick a fork in PXYN!!!
Its OVER!!
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