RE:RE:RE:More patience I really like to invest on this stock but still not sure because some of things still bothering me.
Can some one help me to understand these issues listed below BY SOME ONE LAST MONTH ON THIS STOCK HOUSE
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1.Their high receivables as stated in their 2nd qtr (June 30th) report.
2.The strategy relative to the really early reporting of the 2nd qtr results.(NR on July 7th and posted on Sedar on July 11th). No one on the venture exchange reports within 1 week after the close of the qtr. .
What is also confusing is the announcment of the PP at the 25 cent level just before the release of the very successful 2nd qtr results which they must have known would have a positive impact on the share price.The norm would have been to issue the 2nd qtr results and then issue the PP at the higher level.
The obvious reason for the PP is to provide working capital due to the cash tied up in receivables. I would think that the PP has to get repriced or the share price has to decrease to the 25 cent level "
we all know it is covered by insurance, but that is not an issue.
QUESTION is why they do bussiness with people from whom they can not collect their payments? VERY STARNE.
Please some one give me some light on these issue ..other than that i have no problem in investing on this copmany.