Think Research Corporation V.THNK

Document arrived just now

[Possibleidiot01]

EOM

[Possibleidiot01]

Yikes. On Page 19 - "The company also continues to extend its payables to finance its underperformance." WTH, does that mean ....... we don't collect our receivables deliberately so we can do badly? Having problems coming up with an alternative explanation.

[dt_core]

I think they are referring to Accounts Payables, so any short term operating expenses with payment terms of T+[X number of days] that THNK owes. Sounds like they made a choice to delay paying those obligations in order to preserve cash in order to remain current on their covenants.    I've mentioned poor balance sheet management before on top of poor business strategy. The

[Possibleidiot01]

dt_core - (3/15/2024 8:43:58 PM) RE:RE:Document arrived just now I think they are referring to Accounts Payables, so any short term operating expenses with payment terms of T+[X number of days] that THNK owes. Sounds like they made a choice to delay paying those obligations in order to preserve cash in order to remain current on their covenants. You're probably right ; failed at that