Replies to post #155589 on On4 Communications Inc (ONCI)

[zombywolf]

With a normal audited company with an honest CEO, I agree. At this point, you cant believe one thing Steve says. When you see a serious disconnect like Q pointed out- something like $52k collected on $1.3MM of billing- you have to seriously question the revenue numbers. No sane company would report A/R's so low, unless they were real. Those collections would then be more believable as the real revenue, thus that is what was used in the calculation. Sad state of affairs here.