RE: RE: RE: RE: RE: psn will be OK The purpose of my posts are, that I am very upset at how bad this quarter is, for a stock I recommended to my friends for over a year ago,., some of whom I know have not sold. I am not pleased at all with the fact that they now report 125 million in accounts receivable on 40 million sales in last quarter!! Whats going on??- 9.5 million in bad debts???- and a far bigger issue, a revision of future cash flows for year ended Dec 31 to around half what was predicted for last six months???????????????????????
Are there no payment terms on rentals???- How can you have nine months sales locked up in your receivables- what will happen to this number at year end when its audited???when do they set up a sale?
Its for all these this reasons- shock I guess- that I am posting after fully supporting PSN for over a year. I was lucky to sell my shares-most six months ago - but I feel deceived to be honest.
I will stop posting- as you say why- it makes no sense-