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Re: Wave's precarious position

By: Cactus Flower in ALEA | Recommend this post (0)
Tue, 14 Aug 12 5:00 PM | 110 view(s)
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Msg. 09336 of 54959
(This msg. is a reply to 09332 by tkc)

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ap would be bound to go up - they took a loan.

not sure why this is a surprise.


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The above is a reply to the following message:
Re: Wave's precarious position
By: tkc
in ALEA
Tue, 14 Aug 12 2:26 AM
Msg. 09332 of 54959

And I didn't even notice the A/P number on the balance sheet until another pointed it out. A/R down to $3.5M which they've undoubtably borrowed against vs. A/P up up to $7.8. "Wake up little Suzie" we're in trouble deep. Seriously, I wouldn't be a bit surprised if they file BK. This has been so badly managed it looks planned.


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