RE:RE:RE:10:30 on a Friday night on a long weekend? I am not an accountant so review this yourself but the way i take it ...
Take a good look at the second quarter financials 19 million in receivables 14 million is stale 7 is over 270 days
The company owes the bank 1 million, 9 million owed to other parties 6 million in prepaid unfinished work and then there's a huge lease liability which would be owed to pascali on a long term basis . Only the lease is a paper debt. The rest is real
simple math leaves the company millions in debt if I read that correctly. .. If anyone can correct me please do but it appears Q3 is gonna be ugly
again I'm not an accountant so read it yourself but it doesn't look pretty to me
Arthur02 wrote:
lol if the sat cancles were fecked. 50 cents here we go! the way the worlds going right now my moneys on it being cancelled