i knew the low cash on the balance sheet - somethi

i knew the low cash on the balance sheet - something previously hashed out at length- would be the next bash-and it came immediately as part of his non stop harassment-wow he has nothing else to do-and my reply does not change -

there were over 100k receivables and the current ratio was excellent- again very unusually positive for low pennies -which usually have a negative current ratio

the low cash balance may have more to do w careful cash utilization- if you look at thousands of pennies and some blues also -they have low cash also

just as people dont keep large checking balances -but put it in savings or bonds or stocks or CD's etc

cash does not earn interest and is not working to produce results-so it is either put to work or used to pay down debt

this a logical approach and a good use of capital-especially when the biggest account payable has been a loan by Bret

thus the cash balance taken alone as a current asset does not imply a negative -there isnt even any commonly used accounting metric which would isolate cash alone

cash is combined w accounts receivables and any other items that could be converted to cash within a year as part of the important current ratio-ratio of current assets to current liabilities

cash is not even singled out in computing the quick ratio-assets which likely can be converted within 90 days to cash

so cash is never isolated -taken as a stand alone item- in figuring any commonly used metric-we've already been over this

part of bashers purpose -since they either do this as a vendetta or are paid-see my sticky -which incorporates Max Shockers compilation-is to wear out longs- and get just 1 lie-no matte how little- into their minds to infect them- to cause them to run to the next magic pill-where bashers are performing the same games to steal from longs-
and many longs do play that musical chairs game- which is partly why very few longs can find a way to profit in this politically manipulated market