Liabilities are debts. They increased their debts 140+ million dollars in 3 months. Now explain to the board how that is good. Without the tax refund they have less than 5 million in assets. Spin that how ever you want. Anyone who knows accounting knows that when liabilities are 28 times assets, the company is deep trouble. You are right they are not losses at this point, the losses only average a little over $1,000,000 a month at this point. We haven’t seen the notes associated with liabilities.
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