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Re: the 1.7m

By: Cactus Flower in ALEA | Recommend this post (0)
Wed, 20 Mar 13 7:08 AM | 73 view(s)
Boardmark this board | The Trust Matrix 		Msg. 12963 of 54959
(This msg. is a reply to 12962 by DigSpace)
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hi dig,

i see a value of $1.8m in pledged receivables in the balance sheet at y/e.

to me, that looks like enough room for the $1.7m from basf.

but one way or another, wave took $1.5m in q4 against receivables which are likely to have been remitted in q1.

so i think you are giving wave about $1.5m more than they will keep.

but heck, it probably isn't worth the effort given all the moving parts.

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The above is a reply to the following message:
Re: the 1.7m **
By: DigSpace in ALEA
Wed, 20 Mar 13 7:00 AM 		Msg. 12962 of 54959

i can't say I've read the 10k very carefully, I basically lack the interest to do so as far as what portion of what is payday loans. I did think in what I did read that the 1.7 was not leveraged based on the wording as rwk described. But I do mean ALL give or take a million, not just the net. So new billings +/-1, expenses +/- 1, non-cash +/- 1 and so on, it gives a final range of several million, and given my rather consistent record of significantly underestimating end-of-Q cash I gave them 3. e.g. the 2.1m end of last I find very suprising.

** reading what you pasted does make a good case for that being leveraged but they did say cash does not include the 1.7 which to me means that 1.7 was not leveraged, otherwise it is effectively included.

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