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Just received financials from Internet Liquidators. ILI-Toronto. One major question...who is going to do their liquidation? Revenue $1,175,817, Cost of goods sold $1,455,038. What is the good of selling goods for less than you paid for them? Cash $396,154, Accounts receivable $179,918, Accounts payable $1,155,271. How did these guys get on the TSE? For nine months to September they lost $3,672,962. Haven't they heard that you go broke not making money?!? This company needs to reach over $10,000,000 in sales very, very quickly or they won't make it. |
