(Total Views: 398)
Posted On: 03/19/2019 7:20:16 AM
Post# of 40991
fins were not great - but that is obvious.
My issue is the Fiduciary responsibility he owes shareholders. WTF is Alan Bailey doing - I say nothing. If he is just a figure head then get someone who can make a phone call and collect some money.
NONE of this debt is necessary if he collected his money - period.
And for those who attacked me the last time I posted about the A/R - how do you feel now.
This has been coming to roost for months w/o being addressed - hire a firm to do the friggin work if you have too - I don't care if you have to pay 20-25% Vig - get it done.
This is VERY EASILY SOLVABLE - someone just has to have the will to do it.
BTW - someone posted about sending 20 units to a customer and then only getting paid when they sell them - well sending them 20 is not recognized revenue - it is like a consignment deal - rev recognition only occurs on sale. THIS IS WHY FINS NEED TO BE AUDITED. NOT GAAP if that is what he is doing.
My issue is the Fiduciary responsibility he owes shareholders. WTF is Alan Bailey doing - I say nothing. If he is just a figure head then get someone who can make a phone call and collect some money.
NONE of this debt is necessary if he collected his money - period.
And for those who attacked me the last time I posted about the A/R - how do you feel now.
This has been coming to roost for months w/o being addressed - hire a firm to do the friggin work if you have too - I don't care if you have to pay 20-25% Vig - get it done.
This is VERY EASILY SOLVABLE - someone just has to have the will to do it.
BTW - someone posted about sending 20 units to a customer and then only getting paid when they sell them - well sending them 20 is not recognized revenue - it is like a consignment deal - rev recognition only occurs on sale. THIS IS WHY FINS NEED TO BE AUDITED. NOT GAAP if that is what he is doing.
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