Posted On: 03/15/2014 4:49:00 PM
Post# of 36729
Re: receivables. On 11/05/2013, Benz noted SK was in Q3 establishing a reserve $12,706,300 pursuant to (uncollected) receivables. In this way, the company prudently took a charge for uncollected debt, but leaves open the possibility the debt might be collected in the future.
http://investorshangout.com/boards/message?id=1067258
Looking back on the Q3 numbers Benz quoted in the 11/05/2013 conference call:
For Q3 (July 1 - Sept 30, 2013)
$17,527,592 in consulting, licensing and management fees
$4,510,893 net income pre-tax or $.0076/sh
O/S (inferred) 593,538,552 shares
Balance sheet
$129,865 cash and cash eqivalents
Receivables: net $22,569,699 after a reserve for $12,706,300 was established
http://investorshangout.com/boards/message?id=1067258
Looking back on the Q3 numbers Benz quoted in the 11/05/2013 conference call:
For Q3 (July 1 - Sept 30, 2013)
$17,527,592 in consulting, licensing and management fees
$4,510,893 net income pre-tax or $.0076/sh
O/S (inferred) 593,538,552 shares
Balance sheet
$129,865 cash and cash eqivalents
Receivables: net $22,569,699 after a reserve for $12,706,300 was established
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