Saying this with peace and love guys. You had me
Post# of 40991
(Total Views: 371)
Posted On: 03/13/2019 3:04:39 PM
Saying this with peace and love guys. You had me confined to your board to discuss this matter but you chose the route of deleting my posts for the sole reason of preventing others from hearing facts.
You do this ALL the time and it backfires each time. Trying to control the narrative at the expense of censoring the messenger. I posted a straight fact about a Prohibited Attorney. Why did some of you decide that others shouldn't know this? The truth will always come out.
One day, imo , the truth will come out about the revenue recognition. Any why the A/R stays so high. And why cash isn't collected sooner than 400 days. Just how long is SB going to keep his booked sales on the aging? If he never writes them off and never collects payment then A/R will just continue to grow. Pretty soon he will be a $20 million sales company with $20 million in A/R. And he will still have to borrow cash from toxic financiers. It's so blatant that it's so simple. An auditor would say "Show us the customers with these large balances? Then show us the inventory they have in stock or explain why they are not paying." Especially if one day SB is going to sell those receivables to factors which he mentioned at one time. What factor is going to want to buy receivables for product that a customer doesn't really have. In other words , a book invoice.
If I'm wrong I'll admit. However as long as we are able to toss opinions around as well as including fact I think I will be proven right with this theory in the long run. It's great entertainment though.
You do this ALL the time and it backfires each time. Trying to control the narrative at the expense of censoring the messenger. I posted a straight fact about a Prohibited Attorney. Why did some of you decide that others shouldn't know this? The truth will always come out.
One day, imo , the truth will come out about the revenue recognition. Any why the A/R stays so high. And why cash isn't collected sooner than 400 days. Just how long is SB going to keep his booked sales on the aging? If he never writes them off and never collects payment then A/R will just continue to grow. Pretty soon he will be a $20 million sales company with $20 million in A/R. And he will still have to borrow cash from toxic financiers. It's so blatant that it's so simple. An auditor would say "Show us the customers with these large balances? Then show us the inventory they have in stock or explain why they are not paying." Especially if one day SB is going to sell those receivables to factors which he mentioned at one time. What factor is going to want to buy receivables for product that a customer doesn't really have. In other words , a book invoice.
If I'm wrong I'll admit. However as long as we are able to toss opinions around as well as including fact I think I will be proven right with this theory in the long run. It's great entertainment though.
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