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Mondragon

05/18/17 4:41 PM

#49828 RE: Ignatius J. Reilly #49826

I had that thought too. They have notes for accounts with zero balances, but not AP.

It seems to have appeared in Q4. Convertibles went down by 190k, but AP went up by 215k. Maybe it's part of the 190k convertible forgiveness?

I don't see how it could be anything else actually, because there isn't an offsetting 200k, in cash or inventory, on the asset side of things. Only other explanation is an error in accounting, which I won't say is unlikely, having experience with the way smaller companies handle their books.