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Biotech / Medical : SABRATEK CORP (SBTK) -- Ignore unavailable to you. Want to Upgrade?


To: Tom Terf who wrote (399)8/14/1999 6:36:00 PM
From: Tom Terf  Respond to of 487
 
Receivables in March 1999 quarter were over 180 days sales.

Receivables growing much faster than sales means consignment
sales = BIG RED FLAG ... to distributors who do not have to pay for the product.. that they were "asked" to accept. Company booked this "aggressive" revenue and profit.

Also means cheerleadering LONGs in SBTK are dumbshits. Price Waterhouse asleep. Now no one wants to sign off the 10-Q to the SEC and the s*** is hitting the fan.

Mr. Panda - why are you doing this ?