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Karl43

06/21/12 10:30 AM

#14477 RE: Karl43 #14476

Their receivables went from 2.1 million to 4.8 million. If they could only collect this receivable now, which is more than 7.5 times last years sales, they could internally fund themselves over the short term. JMO
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johnsyn

06/21/12 11:13 AM

#14479 RE: Karl43 #14476

They sold off the old FiloSWD equipment and replaced it with the up-to-date equipment they bought at auction.