Replies to post #236450 on On4 Communications Inc (ONCI)

[DewmBoom]

LOL....Net income is linked to Revenue based on GAAP.

Six Months Revenue: $2.9 million
Net Income on Revenue: $1.1 millions
AR without any payment: $7,767,746
Current AR: $6,575,831

Subtract current AR from AR with no payment and you get $1,191,915 in the first six months of FY2019 of a positive cash flow.

Again, I am still waiting for a proof about the false statement made earlier in relation to the one year GAAP requirement. No Shred of Evidence. It does not exist.

[MoneyForNuthin]

You're missing something here. This is clearly NOT how you calculate or derive net cash flow. Just take the Statement of Cash Flows line by line and you'll be able to understand better how it works.

You're right about the ~$1.1 million net CASH from operating activities. But it's CASH, not "income" (remember, this is CASH flow) - income was much higher.

Now you SUM this with the net change in assets/liabilities, which was precisely $989,618. You get:

$1,152,333 - $989,618 = $162,715 (net positive cash flow from operations).

Simple. Just one step at a time.

[zombywolf]

What the company reports is complete BS. It has been shown time and again it that the numbers are NOT supported by any third party evidence. What is evident is the only financial support is from the Canouse operations, not sales to any customer base. Customers are made up, more deals to enrich our Stevie made by selling fake companies to shareholders and fake activity on Twitter is pumped. No finances are submitted to the SEC, so there is NO oversight to protect investors. GAAP is a joke here.