GRIN (Grand Toys International Inc) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : GRIN (Grand Toys International Inc)

GRIN 27.01

0.0%

Dec 2 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kevin Podsiadlik who wrote (479)	12/2/1999 12:34:00 AM
From: Frank McVerry	Read Replies (1) of 495

Kevin, <<Well, what is it then? Are they going to let payables skyrocket? Are they going to finally collect on those huge accounts receivable, perhaps? Barring these last two possibilities, then I'm sorry, but I simply do not see where GRIN can possibly have the wherewithal to raise this blue-sky $11M cash figure you keep mentally spending.>> Huge accounts receivable ? Let's see what they were in a recent comparable year (1997). Accounts receivable were $10.2M as of Sep 30 1997 and only $8.2M this year as of Sep 30.... looks good to me. Let accounts payable skyrocket ? Looks like accounts payable are about $10M LOWER than they were in 1997 (see post# 474). That $8M option money and YTD profit just refuse to disappear !! Frank McV

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next