GREY:LFDEF - Post by User
Comment by
graywolffon Mar 13, 2018 4:11am
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Post# 27704940
RE:Canaccord report
RE:Canaccord reportcannacord says the exisiting business doesnt make money and burned cash in 4Q and hence cash declined to 12 mn . Managament says cash declined 12 mn due to timing of receipt of receviables and urthadailiy costs. these two statements are completaly contrary to each other. one says exisiting business do not make enough sales, the other one says it makes sales but with longer days receviable terms. lets see the financilas. if cannacord is right, this is a legal issue i guess.