Replies to post #528 on PowerLinx Inc (PWNX)

[Duly Diligent]

Gotinearly, does this mean "Direct Sales" is not our Primary Channel ?

You said "if 70% of 2nd qtr sales is A/R it could possibly mean that the bulk of then sales occured in last 45 days of qtr."

But then this means that the bulk of our sales are on "terms", as opposed to Direct Sales with Credit Card up-front.

[lizard]

The bottom line of Goninearly's post 528 is correct. AS A PREVIOUS CREDIT MANAGER, I can tell you that the aged a/r run is where you begin, particulaly when extended terms are involved.

Actually, I am presently a Letter of Credit Specialist, with 13 yrs. previous credit management experience, all in commercial credit. What you have here is receivables consisting of both commercial AND consumer credit. WARNING: TWO DIFFERENT SETS OF LAWS, RULES, etc. I was entirely involved with commercial credit, NO CONSUMER credit, as it is
an entirely different bucket of worms and a bucket about which I have never had any desire to become familiar.

Lizard