Well Keep.. I'm not saying that there aren't issues with the financials, but that is a bit simplistic to suggest that they should have alot more cash on hand just because they made 12MM in profit..business is not static like that.. their b/s shows an inventory asset and a/r.. I'm hoping that they have some level of assets in both of these groups.. and that is where the money would have gone..so to speak.
keepthfaith, acct recv $18,855,711.90 , Inventory assests $8,738,296.34. If you had all cash, that means you not selling. Government and major retailers are always 30-90 day payments. that info is off page 3 of 4 http://www.pinksheets.com/pdfservlet?id=9790
I know the Government takes time on paying all the time. Look at your Taxes, They take your taxes all year, and you have to wait till the following year before they pay. Once you file you still wait 2- 3 weeks before they send some of your money back, that they took all year.
But the Company will not keep all cash, they will always sell on term. Thats the american way. That is how Credit Card companys make money, Mortage lenders loan money on term and thats how america does business.
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