Considering that scenario of 40 cents on the dolla
Post# of 17653
Posted On: 02/25/2015 11:54:34 AM
Considering that scenario of 40 cents on the dollar let's take a look at what that could possibly mean for DUTV.
1st, let's start with the fact that DUTV, based on it's last financial balance sheet had Payables totaling $5,727,277 and Recievables totaling $3,170.105.
That leaves with a shortfall of $2,555,172 but lets just say 2.5 million dollars.
Lets consider that 1 million of the receivables were from Virtutone, hypothetically. According to your figuring DUTV will only receive 40% or $400,000 (losing $600,000) of that amount and that money will not come to DUTV before 6 months. Now, your 40% figure was based on some calculation you made based on the reported insured amount but in reality the distribution is not always so clear cut, but will go with your figure for now.
So this would put DUTV at an actual shortfall of over 3 million dollars it were to receive all the additional outstanding accounts receivable due it based on the last report. Here's why:
DUTV's Acct Receivable = $3,170,105
Minus Virtutone's 60% loss = $600,000
Balance = $2,570,105
So using $2,570,105 to pay $5,727,277 leaves DUTV with a shortfall of approximately $3 million dollars.
The reason I think Virtutone may be a third of the Accounts Receivable is because they are the only company so far to have been pointed out as doing business with DUTV based on IP Market and the location of their business dealings.
That does not account for the rate at which the $880,000 portion of the Accounts Payables, which are accrued interest, have been accruing since that last report.
This also does not account for any additional revenue, business or other agreements to decrease debt DUTV may have made with its vendors either.
But I think this is the current nut that DUTV has to crack based on the figures they have given us.
You know my great grand father used to say, " Boy, when it comes to investing, skip all the Zibber Zabber and stick with the reported numbers. Those are the only things a company can be held accountable to by the investor." Pretty sage advice I'd say.
1st, let's start with the fact that DUTV, based on it's last financial balance sheet had Payables totaling $5,727,277 and Recievables totaling $3,170.105.
That leaves with a shortfall of $2,555,172 but lets just say 2.5 million dollars.
Lets consider that 1 million of the receivables were from Virtutone, hypothetically. According to your figuring DUTV will only receive 40% or $400,000 (losing $600,000) of that amount and that money will not come to DUTV before 6 months. Now, your 40% figure was based on some calculation you made based on the reported insured amount but in reality the distribution is not always so clear cut, but will go with your figure for now.
So this would put DUTV at an actual shortfall of over 3 million dollars it were to receive all the additional outstanding accounts receivable due it based on the last report. Here's why:
DUTV's Acct Receivable = $3,170,105
Minus Virtutone's 60% loss = $600,000
Balance = $2,570,105
So using $2,570,105 to pay $5,727,277 leaves DUTV with a shortfall of approximately $3 million dollars.
The reason I think Virtutone may be a third of the Accounts Receivable is because they are the only company so far to have been pointed out as doing business with DUTV based on IP Market and the location of their business dealings.
That does not account for the rate at which the $880,000 portion of the Accounts Payables, which are accrued interest, have been accruing since that last report.
This also does not account for any additional revenue, business or other agreements to decrease debt DUTV may have made with its vendors either.
But I think this is the current nut that DUTV has to crack based on the figures they have given us.
You know my great grand father used to say, " Boy, when it comes to investing, skip all the Zibber Zabber and stick with the reported numbers. Those are the only things a company can be held accountable to by the investor." Pretty sage advice I'd say.
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