RE:RE:RE:RE:RE:FINAL COMMENT ON FINANCIAL STATEMENTS For all those that understand accounting standards a little bit, it has always been clear that book value was not the proper valuation of company value. By the nature of accounting, book value would warrant a much closer look if the market cap was lower than book value. PYR's book value is actually negative and while typically the market caps are much larger than book values, negative book values are not typical.
Short term items impacting liquidity are a different story and should not be as easily dismissed. Cash pays for whatever you need to run a business. Cash comes from collecting from sales, from loans, or from equity financings. Can't pay your bills on time, you are at the mercy of creditors where some may be more flexible or lenient than others. And for the bigger creditors, leniency is usually exercised because when there are secured by others or little assets, you give yourself a chance to recover more of money owing to you.
just the way business goes.