OTCQB:IONM - Post by User
Post by
Mesro007on Nov 26, 2019 2:41pm
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Post# 30394689
2019- Q-3 Results - Assure Holdings
2019- Q-3 Results - Assure HoldingsSomething doesn't add up in financials for this comapny. Look at their Cash fow statements.
Net Income for Nine months : $9.33 M
But, cash used in operation is : ($2.69M)
It means the account receivable is in bad shape. The have taken loss of ($14.3M) on account receivable in 9 months so far.
In short, they are losing money and if account receivable problem is not resolved, they will need to dilute sooner than later. No, thank you.