Replies to Msg. #793262
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 Msg. #  Subject Posted by    Board    Date   
12734 Re: Wave is not in silent mode
   hi tkc, i know you are optimistic about adding members to the board...
Cactus Flower   ALEA   02 Mar 2013
12:30 AM
12732 Re: Wave is not in silent mode
   tkc, pretty much. Alea's point about short-term debt against sales fr...
DigSpace   ALEA   01 Mar 2013
11:16 PM
12731 Re: Wave is not in silent mode*
   don't forget they are using debt factoring, so the lead time between t...
Cactus Flower   ALEA   01 Mar 2013
9:47 PM

The above list shows replies to the following message:

Re: Wave is not in silent mode

By: tkc in ALEA
Fri, 01 Mar 13 9:21 PM
Msg. 12730 of 54959
(This msg. is a reply to 12727 by DigSpace)
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Super posts CF & Dig. Dig a while back you wrote something like: Wave has increased rev &/or decreased expenses or extended A/P or they're passing out bad checks all over the place. I of course concurred. Re: the A/P, their COGS is only about 5%, the rest is payroll & and payroll related benefits/taxes, rent, and travel. Rent and payroll can't be extended, some payroll related exp can but not more than 3 mos. at the most. The point is, to have not raised financing in more than 4 mos. must mean that near CFBE for Q4 was obtained via increased rev and/or decreased exp. OR management has magic tricks.