horsepoop!!!!
they have been doing the "write-off" of recieveables for approx. 3 years ...........
around 7m a year ......
they basically have 3 major sustomers ..........
this means - they are essentially NOT being paid for services provided .................another way of looking at it - is when one takes the above into account - they are cashflow zero !
its become much smaller.......and (imho) the Board is simply acting on the behest of its bankers .........
am sure all would have noted:
1. the little papra near the ned stating "additional capital" may be reqd...
2. no earnings forecasts!
that is why (imho) this is sad ......
as you point out - a shadow of its former self
rgds
V_H
horsepoop!!!! they have been doing the "write-off" of...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
