I’m all about putting money back into a business to grow it, but this is a public company and he needs to get the financials out and get current. I used to work in retail b2b. All our invoices and contracts were within 90 days, but rarely did that happen. The retailers know they have you by the balls because if it wasn’t for them you don’t get shelf space. So in reality they pay when they want and it’s not uncommon to see 180 days. And as far as blaming accountants, auditors etc is all b.s. This falls directly on him. He’s the CEO and it’s his job. The 2016 10-k was way behind and now we don’t have any reporting for 2017. That’s not anyone’s fault but his. He just uses accountants and auditors as excuses.
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