Steve,
Nice link,,,,
I understand that with growth,,,
a co. will have a investment of resources into that growth.
But am concerned about the following
1997 1996
Cash - 373,176
Accounts receivable 934,069 205,870
Inventory 56,578 9,928
Then,
CURRENT LIABILITIES
Bank indebtedness (note 4) 75,234 14,026
Accounts payable 757,503 274,149
AR I hope that we are talking about 30 to 60 days outstanding. Wonder what the percentage of write-offs are(Badt Debt)
Inventory bloated hopefully to prepare for the growth.
AP is also alarming to me.
Their cash position drops while AR increases.
Appears they are missing cash discounts....
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Current news release...
I like the growth percentage.
Increase of sales and gross profit.
Reducing their net loss.
Looking forward to the future..
SJ
PS ...
Someone mentioned that cos. never heard of them.
Maybe they should pump back up their advertising expense..
Advertising 14,621 29,898 |
