fins were not great - but that is obvious. My i
Post# of 40989
My issue is the Fiduciary responsibility he owes shareholders. WTF is Alan Bailey doing - I say nothing. If he is just a figure head then get someone who can make a phone call and collect some money.
NONE of this debt is necessary if he collected his money - period.
And for those who attacked me the last time I posted about the A/R - how do you feel now.
This has been coming to roost for months w/o being addressed - hire a firm to do the friggin work if you have too - I don't care if you have to pay 20-25% Vig - get it done.
This is VERY EASILY SOLVABLE - someone just has to have the will to do it.
BTW - someone posted about sending 20 units to a customer and then only getting paid when they sell them - well sending them 20 is not recognized revenue - it is like a consignment deal - rev recognition only occurs on sale. THIS IS WHY FINS NEED TO BE AUDITED. NOT GAAP if that is what he is doing.