RE:Results?Results out on SEDAR but no newsrelease.
Gonna have to wrap my head around how $28 million in accounts receivable are now uncollectible...everything fine in Q3 and then this.. We knew they were executing contracts at a loss due to higher costs, but that is the cost side. Accounts receivable are supposed to be collected when you met rhe terms of delivering your contract. It is the revenue side. Did the work at a loss, delivered and your customer won't pay? Gonna have to digest this a bit to understand what is going on.
But whoomp, just like I commented some time ago on folk pumping how the stock was trading above the NAV. That has been taken care off. Net shareholders' equity at negative $23 million.
Ugliness was expected. We will see next week how much ugliness was expected. I am good, I already lost most so anything else is marginal.