Not impressed with the news. Reducing the liabili

Not impressed with the news.

Reducing the liabilites sounds great, and will have the effect of generating income on the P&L so the company won't show a loss.  The problem is, Income is not the same as Revenue, because all of the accounting tricks in the world to reduce losses do not bring in any cash flow.

When companies with revenues and cash flow reduce liabilities, it's good because it increases Earnings per Share.  But when companies without those things do it, it's creative accounting.

Sorry, Matt, I will not break out the cheerleader skirt and pompoms for you.