Perhaps this resolves it. You bet the feds pay slow, just ask the HMO's. Please understand I'm new here, feeling my way, trying to come to an understanding of the company. David, if the feds took 43 machines worth $2.5, that's about $58,000 a copy. Is that about the right seling price? If so, inventory of $688,000 is 11 machines. How long does it take to build those? I have a bit of a manufacturing backgound, and rarely did we build very far in advance...not a good use of money...to pay interest on manufactured, unsold goods, is a real no-no. Is it IDX's pattern to announce contracts? Was there such an announcement that might explain the inventory build-up? Have these questions (inventory, rev vs rec'bls, eroding cash) been posed to IR?
Got some errands to run. I'll check back in this evening. Chaz. |
