Ventura Cannabis and Wellness Corp CVHIF

RE:Account Receivable are getting better !

[choices9999]

If they would have collected any portion of the doubtful accounts Heath would have announced it at the Q3 or in the most recent PR regarding the launch but he didn't which means they can't. When you have 60% of your gross receivables being allocated to doubtful accounts that is a big red flag. Also when you compare that doubtful accounts have gone up $13 million from Q3/17 (when it was around $1 million) and cash on hand is now half what it was, this tells use the business model is not working (which Heath implied thus causing the stock to drop 35% in 1 week). Connect the dots. Also if the mark ups were so big for MJ and MJ is in its infancy, why offer a 60% discount when you can pocket that as a company and offer moderate discounts after the launch? The reason is that they did not fully research the MJ market and realized they made a big mistake with their price point relative to the well establish competitor products.

Like I said the only people making money on this garbage stock is myself (shorting again) and Luminous aka TheProphet who has been day trading this stock for 1/2 cent daily swings but posting lies and pumping.

The SP is near new 52 week lows for a reason - I have already become rich from my short and thus warning others because I have been dead on for over 1 year!!

Frank2104m14c wrote: Account Receivable November 2017

Gross receivables 25,956
Allowance for doubtful accounts 13,919

Balance Ending 12,037

1- If the business can collect some money from doubtful accounts it will go directly to the bottom line.
2- The business will all time have some doubtful account, but the business has work on this problem
Since Chris Health has start to turn arround the compagny.
3- LND collect for CXV and they said in a Press Release in February (we’ve seen average collection deposits increase more than 20% in the last two months compared to the previous six month average.”)
https://web.tmxmoney.com/article.php?newsid=6387970850835734&qm_symbol=LND