Replies to post #904 on Polished.com Inc (POLCQ)

[pzottkpz]

wow! ..

$GOED owes over $60 MILLION in trade obligations and sales tax at the end of september?

at $140 Million for the quarter at 8% is $11 million so they’re backed up that PLUS around $15 MILLION in SALES TAX arrears payments????? where’s that money coming from? and more importantly why hasn’t it been paid?

please someone correct me on this - this is insane!

[bar1080]

"Liquidity and Capital Resources

As of September 30, 2021, we had cash and cash equivalents of $27.2 million and restricted cash of $8.0 million. We have relied on cash on hand, external bank lines of credit, proceeds from our public offerings described below, issuance of third party and related party debt and the issuance of notes to support cashflow from operations."

https://www.sec.gov/ix?doc=/Archives/edgar/data/1810140/000121390021058967/f10q0921_1847goedekerinc.htm