RE:Bad Debt ExpenseReally disappointed in the management of this company. The CEO and CFO should be fired for incompetence. This is the second accounting fiasco that has cost shareholders significant losses. The interim CEO is a CPA who knows you need to write down uncollectible receivables after a predetermined amount of time. Can't they follow their own accounting policies? Good growing business but VERY poor execution. Wonder what management takes home in fees and options. Pretty sad when your own management wipes out $23 million in market cap in one day. Get rid of both of them and hire someone that takes control and manages a growing company.
GLTA