RE:RE:RE:Results Unfortunately all that is found in recievables. Which went up with revenue. To finance operations they needed a net investment of 1.27 million just to support themselves.
People will argue that receivable will be converted to cash and that's a timing issue, but we haven't seen it yet. Receivables seem to be flat compared to revenue (I'll double check that tomorrow). I believed they used almost 2 million more in long term debt to pay bills.
they have the capability, but quarter after quarter they borrow to meet bills. We need that to reverse, we need them to show they can pay down debt while operating. (They should be able to with solutions.. if not it's inevitable they will go bankrupt (we are a long way off))