Quote BS, "The Balance Sheet disagrees with your "guess" of lil ole PPHM's assets.......
33,912,000
Less accumulated depreciation (9,610,000)
Property and equipment, net 24,302,000"
WHAT???? LOL, WRONG.
1) I didn't "guess" at ANYTHING? I use SEC filings and biz accounting 101 for my facts.
2) It's being depreciated as it's NOT "hard" assets- it's fixtures, equipment, etc JUST AS I STATED, aka CRAP that gets sold for 5 CENTS on the dollar, TOPS, if they need to unload it, cause they lose ONE major customer, who makes up close to 70% of all their AVID sales and backlog.
3) Look at their freaking LIABILITIES line, and that pittance of $24 mil "soft assets" (meaning they're ill-liquid for the most part, unless unloaded at fire sale/liquidation prices) is even worse looking.
I'm not "guessing" or wrong about a thing.
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