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Steve...my apologies, but I can't quite get the sense of your 3rd sentence. Pls try me again...can't figure out what numbers apply to what years in your post. To all, I'll cave on the slow pay by feds. However, even if I add $688,000 to revenue (as if it had been paid) and subtract the same from receivables, I'm still left with revenue of $19,538,000 vs receivables of $21,198,000....and there's still the point no one has addressed...the 7% of product and sales that were essentially written off. Incidentally, to all, I don't like doing this much...finding something negative in the face of all this great optimism. But my inclinations are fundamental, so that's where I look first. It's always more fun to find reasons for positive posts, and to all, when I find it, I will be the first to post it. I tend to totally disregard analysts. I suspect their motives as being more self-serving than altruistic, a lot like settling with a sympathetic insurance adjuster before you've talked with your lawyer. Chaz. |
