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musicalchairs

04/30/10 3:32 PM

#314013 RE: Risicare #314009

??? Commercial bankers are the ones who do the factoring. What assets are you refering to?
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FMorgan

04/30/10 3:44 PM

#314017 RE: Risicare #314009

But what you aren't answering is what makes it any worse than the 3% credit card fee?
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GnomeOfZurich

04/30/10 3:50 PM

#314021 RE: Risicare #314009

If they had real A/R, then they could sell those off at a discount to create cash, that is why A/R is under current assets.

But there A/R was false, so no cash.

Like I said, SPNG probably has negative equity on the balance sheet.