GREY:AIIFF - Post by User
Comment by
HRc60to65on Mar 25, 2015 8:54am
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Post# 23558282
RE:earnings from operations for 2014 would have been $15.1 mill
RE:earnings from operations for 2014 would have been $15.1 mill
Arf problem is account receivable at 155M$ including unbill revenue of 53.5M$. It is where the profit is hide. Expenses are charge, but income is not shown in the operating profit, but included in the account receivable. Assets is 308M$ Bank debts 30M$ Brookfield debt 117M$ trade creditors and un paids 71M$ notes 150M$ debenture 40M$ That means an excess of 160M$ (308M-30M$-117M$) after refunding bank and Brookfield of assets is available to share to trade creditors, noteholders and bondholders or 0,58$ per 1,00$ for unsecured creditors