RE: Playing Games these losses were known to all and this is simply a case where auditors forced the restating of losses. There was nowhere left to run, no more wool to pull over investors eyes. To be honest, the numbers are likely worse then those being disclosed, but the company is somehow still selling the fact a portion of those receivables are collectable.
This is just another exclamation mark on the fact this company can no longer thrive unless drastic, company altering decisions are made. Their egos are their worst enemy, and ultimately it will be the reason this company suffers a unfavorable fate.