Mary I agree that compared to other pink sheet
Post# of 40991
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Posted On: 06/15/2019 9:02:54 AM
Mary
I agree that compared to other pink sheet stocks these financials are very good, many have no revenue at all and are trading higher than ONCI, go figure. That being said, AR increased from previous qtr. about $881K and sales net of commissions increased $851k.
To me it appears terms are approx. 90 days for current sales. I'm not sure what they were in previous quarters or years. I would have liked to have seen A/R been reduced since that would have meant that we were getting paid on previous quarters sales. So until A/R is reduced over quarterly sales than a big question mark remains has to the validity of sales booked in previous year.
The other big negative issue is why are we still doing business with the Canouse family? The notes are not that big but cash flow should be sufficient enough to not need their toxic loans. It stinks to high heaven especially since SB stated that he would take no more loans. This raises the question that SB is taking more toxic notes out this quarter without us knowing.
To me this was the biggest negative of these financials and even though the notes are small it's a BIG negative.
Lets hope the PPS starts to climb this coming week.
MSP
I agree that compared to other pink sheet stocks these financials are very good, many have no revenue at all and are trading higher than ONCI, go figure. That being said, AR increased from previous qtr. about $881K and sales net of commissions increased $851k.
To me it appears terms are approx. 90 days for current sales. I'm not sure what they were in previous quarters or years. I would have liked to have seen A/R been reduced since that would have meant that we were getting paid on previous quarters sales. So until A/R is reduced over quarterly sales than a big question mark remains has to the validity of sales booked in previous year.
The other big negative issue is why are we still doing business with the Canouse family? The notes are not that big but cash flow should be sufficient enough to not need their toxic loans. It stinks to high heaven especially since SB stated that he would take no more loans. This raises the question that SB is taking more toxic notes out this quarter without us knowing.
To me this was the biggest negative of these financials and even though the notes are small it's a BIG negative.
Lets hope the PPS starts to climb this coming week.
MSP
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