Posted On: 04/25/2015 8:47:09 PM
Post# of 9144
if u want to see a more typical current ratio of a company near the pps of NNLX look at MYGG-
they have CA (current assets) of 1563 and CL of 1,584,672, a current ratio of .00098 , only ca 6k rev last qtr,and over 800k convertibles (some co's have upto 13 M convertibles or more)
after an unbelievable INTERNAL rebellion hostile take over- spending their money on such unbelievable intermal internecine struggles rather than building the co
and a good % of companies have lawsuits and unexpected bad things happen without warning
so all these things-like financial statement items -are relative
btw, i suspect NNLX employs or contracts w a part time acct payable/ acct receivable clerk-and then they probably contract w an accountant every 6 months (so after 3-30-15) to put together 2 qtrs of financial statements at same time to save money- thats not unusual for 'no info' and 'limited info' co's either
also, all the financials we've talked about are as of sept 30 -the last reported
they have CA (current assets) of 1563 and CL of 1,584,672, a current ratio of .00098 , only ca 6k rev last qtr,and over 800k convertibles (some co's have upto 13 M convertibles or more)
after an unbelievable INTERNAL rebellion hostile take over- spending their money on such unbelievable intermal internecine struggles rather than building the co
and a good % of companies have lawsuits and unexpected bad things happen without warning
so all these things-like financial statement items -are relative
btw, i suspect NNLX employs or contracts w a part time acct payable/ acct receivable clerk-and then they probably contract w an accountant every 6 months (so after 3-30-15) to put together 2 qtrs of financial statements at same time to save money- thats not unusual for 'no info' and 'limited info' co's either
also, all the financials we've talked about are as of sept 30 -the last reported
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