tgs59:
While you have some valid points, there are some additional positive points to be made when examining the balance sheet:
While the a/p are still not at an acceptable level, they have decreased by over 1,000,000 since the end of the last quarter, additionally, notes payable have decreased over 675,000, while conv notes have decreased over 1 mil ( I would assume some have been converted to common stock). Looking at the total current liabilities, they have declined over 3.8 million from last quarter, which is a considerable amount, and in my view very significant. Current assets in the same period have also decreased, but only 190,000.
AGTI is not out of the woods, but their financial picture is not quite as bleak as you profess.
I believe it is important to have differing views, it causes all of us to increase our DD, either to prove or disprove, so I personally welcome your posts.
Regards,
Bob |
