ParcelPal Logistics Inc C.PKG

RE:Q1 to reach $1,500,000 - $2,000,000 for 2020????

[beentheredoneit]

Jim  AW >>>Thanks for your reply > Nice , NOW then What  Say you to  your March 19th post  """" ,,,,This is Aug 9th you know
BTDit
 

JimboBobcat - (3/19/2020 4:46:59 PM) Q1 to reach $1,500,000 - $2,000,000 for 2020???? As stated in Kelly's report below. Abbott continued, "We have also added contactless delivery program, as an option to better allow handling of all items that mitigates any potential exposure to COVID-19 for all parties involved with the transaction. We are working closely with all partners to ensure the safety of our staff and our community. These efforts combined with a streamlined process are starting to result in a huge influx of deliveries, as we surpass our milestone early this year." Does this meen March has surpassed the $500,000 revenue January got? If this is the statement PKG is in for a massive Q1 Revenue. Let's see a $2,000,000 Q1! Hope everyone bought the dip to mid 4's.

[JimboBobcat]

PARCELPAL RECORDS RECORD REVENUE FOR Mr. Kelly Abbott reports JANUARY 2020 Vancouver, British Columbia, Canada – February 12th, 2020 – ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) ParcelPal is pleased to

[HowdyBob]

Yes January was much bigger than normal due to accounts receivables from busy xmas season. Kelly did that release to continue to try and show things were good in the face of the shorting, little did he know. There was $300,000 still in receivables on the March 31 quarter but over all as you said 1.1 million is certainly growth over Q1 2019 at $771,435. I'm guessing they are over 1 million a

[JimboBobcat]

Howdy, Over the last couple days I have been trying to dig up some details on accounts receivable as I am not an accountant but when you use accrual accounting the accounts receivable would be revenue at the time it was inoviced so the $480,000 should not have anything to do with January revenue count. This would not be the case on Cash basis accounting. On this style of accounting there is no

[wheelsonthebuss]

if receivables are running out 90, 120, days etc..... then who's paying the costs during this time ?  Looks like PKG is play banker for there clients ......as they sit on interest in there accounts ie 2% per month - OUCH @@@@@@@@ To calculate the accounts receivable turnover, start by adding the beginning and ending accounts receivable and divide it by 2 to calculate