Eddie, thanks for the slap upside the head about the 'truth' behind EFNT's numbers. Forgot to check that. Though, their CPE margins kick our butt. And they're selling, we're not. You can't book even tiny profits if you don't sell.
Re: receivables: on the CC WSTL said they were at 66 days of receivables, 'one day improvement over previous.' They also said they were seeking more bank credit, that it wasn't a problem, that it was $45M last Q, and will be greatly expanded this Q.
I can be patient, IF that is what is required (in re: developing an expanded customer base, waiting for Europe to kick in, and 'hoping' WSTL's new products will sell), but I don't like being mistreated by mgt. Make no bones, shareholders were abused. |
