It's good fins clarified IP issue with IP revertin
Post# of 36729
Posted On: 04/16/2014 12:36:02 PM
It's good fins clarified IP issue with IP reverting to Medical Greens after Dec 31, 2013. In the matter of revenues, market is evidently cautious as witness price performance.
The $25m in bad debt on top of $12m of bad debt in Q3 report equals $37m in bad debt for period March 11, 2013 to Dec 31, 2013 pertaining to accounts receivable. In SKTO EOY 2013, the market sees $27m in new "net receivables" and only $153k in cash and the juxtaposition understandably leads to caution if not skepticism lest those receivables later be listed as bad debt. By definition a receivable is a claim on money due, "an asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers."
Others risk factors potentially weighing on price appreciation were noted here: http://investorshangout.com/post/view?id=1408773
I'm delighted IP has returned.
The $25m in bad debt on top of $12m of bad debt in Q3 report equals $37m in bad debt for period March 11, 2013 to Dec 31, 2013 pertaining to accounts receivable. In SKTO EOY 2013, the market sees $27m in new "net receivables" and only $153k in cash and the juxtaposition understandably leads to caution if not skepticism lest those receivables later be listed as bad debt. By definition a receivable is a claim on money due, "an asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers."
Others risk factors potentially weighing on price appreciation were noted here: http://investorshangout.com/post/view?id=1408773
I'm delighted IP has returned.
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