RE:RE:RE:RE:RE:Link to BCSEC hearing regarding pump and dump allegations. Ah, I see you're referring to a time, 5 years ago, before the corporate reset, when several former employees were accused of fraud, theft, extortion and sabotage. At that time, the company did write off $1.1M in accounts receivable and they initiated legal action to recover damages caused by the alleged perpetrators, who wound up compensating the company in the amount of $400k in exchange for not having to admit guilt. If you think that affects, in any way, the company's current status or operations, you are sadly mistaken. The employees are long gone and the business model was reworked, enhanced, expanded and improved since then. Also, since then, the company has signed somewhere around 380 new contracts (vs. just a handful before the reset), signed new partnership agreements (one of which was with Cognizant, a very large organization which mentioned the partnership on one of it's quarterly conference calls) and signed bigger contracts.
And here I thought you were talking about something relevant instead of spewing nonsense.
Since the reset, write offs have been modest in relation to total reported revenue.
Just to put things in perspective, that $0.7M net write off is small in relation to current accounts receivable and trailing twelve month sales.
Maybe you could try a little harder with the hyperbole. People are posting a lot of garbage here.
kusio1 wrote: I didn't know your question was serious. It happened in 2018. And since then they collected less than they wrote off, and are about to do another major write off.
What's your next question? Name of ex CEO? What's 2+2?
How about you do some basic due diligence so you have some information about the company instead of spewing nonsense?