Posted On: 05/21/2014 6:33:11 PM
Post# of 36729
I've been reading and tensions are understandably high. Since hope isn't a good strategy, let's look at what we know:
- there will be no audit paid for until it's a necessary expense (merger)... this isn't about taking care of shareholders, it's about saving precious capital. Don't expect an audit for these fins.
- we know that no cash will be collected from the March 2013 Fonzi contracts and there will be additional write offs to account for it
- so then we are left with the established channels that BBIO sells through and PJ sales.
- BBIO previously established sales channels revenue hasn't hit our fins in prior quarters (as far as I can tell) so if it does now, previous quarters were "inaccurate"
- PJ sales are the only real revenue stream that I'd expect to see revenue from, and it's a cash business.
- regardless, don't expect a gap up... There's no trust in the sector and certainly none for SK.
- there will be no audit paid for until it's a necessary expense (merger)... this isn't about taking care of shareholders, it's about saving precious capital. Don't expect an audit for these fins.
- we know that no cash will be collected from the March 2013 Fonzi contracts and there will be additional write offs to account for it
- so then we are left with the established channels that BBIO sells through and PJ sales.
- BBIO previously established sales channels revenue hasn't hit our fins in prior quarters (as far as I can tell) so if it does now, previous quarters were "inaccurate"
- PJ sales are the only real revenue stream that I'd expect to see revenue from, and it's a cash business.
- regardless, don't expect a gap up... There's no trust in the sector and certainly none for SK.
(0)
(0)
