(Total Views: 349)
Posted On: 03/19/2019 9:59:53 AM
Post# of 40991
I see everybody is finally waking up to the realization that the sales are likely on consignment, at best. Ever notice that there is NO inventory on the Balance Sheet? How can that be? Does On4 not own the inventory? Or are they expensing everything?
Getting involved with Canouse is the deathblow for this company. Whatever the name of the entity, it's all traced back to Canouse. So tell me again has this joint venture with NECA has worked out for shareholders of either company? In hindsight it was smokescreen to blind investors to the activities going on behind the scenes that are consistently being reported one quarter late on On4's financials.
Someone asked why doesn't Bailey go out and collect the AR? I've stated many times that Bailey is a for-hire CFO that holds the same position at at least a dozen OTC stocks (including SR*X). His job is to prepare financials, collect his payment and perhaps even recommend OTC tricks to the boss . It's SB's job alone to collect his AR.
I'm sure the SHL will present a rosy outlook for the remainder of the year. The carrot will be dangled just out of reach. At this point even if SB announces a PL, can you trust him that he will actually deliver product to a PL? Much like the CarMax deal that hasn't seen a unit delivered since it was announced last August.
Getting involved with Canouse is the deathblow for this company. Whatever the name of the entity, it's all traced back to Canouse. So tell me again has this joint venture with NECA has worked out for shareholders of either company? In hindsight it was smokescreen to blind investors to the activities going on behind the scenes that are consistently being reported one quarter late on On4's financials.
Someone asked why doesn't Bailey go out and collect the AR? I've stated many times that Bailey is a for-hire CFO that holds the same position at at least a dozen OTC stocks (including SR*X). His job is to prepare financials, collect his payment and perhaps even recommend OTC tricks to the boss . It's SB's job alone to collect his AR.
I'm sure the SHL will present a rosy outlook for the remainder of the year. The carrot will be dangled just out of reach. At this point even if SB announces a PL, can you trust him that he will actually deliver product to a PL? Much like the CarMax deal that hasn't seen a unit delivered since it was announced last August.
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