(Total Views: 132)
Posted On: 03/16/2018 10:12:57 AM
Post# of 40990
I think everyone here has to admit that the high A/R balance is a problem. It's greater than the last six months of sales. It explains why Berman doesn't have enough cash to make his Cogosense payments as scheduled and also why has to pay some operating expenses and sales commissions with shares.
It's there in plain sight for you to see yet many choose to overlook this.
I would love for Berman to publically disclose how he recognizes revenue and also how the payment process works. Is he offering N30, N60, N90 terms or something else. Are the dealerships going to pay in N30, N60, N90 or something else AFTER they sell a unit? That's typically how it works..
Maybe he can disclose what the A/R balance is as of 2/28/18. If it higher than the 1/31 balance the problem is only accelerating.
It's there in plain sight for you to see yet many choose to overlook this.
I would love for Berman to publically disclose how he recognizes revenue and also how the payment process works. Is he offering N30, N60, N90 terms or something else. Are the dealerships going to pay in N30, N60, N90 or something else AFTER they sell a unit? That's typically how it works..
Maybe he can disclose what the A/R balance is as of 2/28/18. If it higher than the 1/31 balance the problem is only accelerating.
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