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On4 Communications ONCI
(Total Views: 396)
Posted On: 03/19/2019 7:20:16 AM
Post# of 40991
Posted By: turn144
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.













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