You forgot the $2,635,279 written off.
So only $2,328,695 paid.
Best Wishes
Paper Tiger
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Yeah, thanks PT.
Maybe they will have better cash coming through from now on.
Still doesnt alter the current receivables though and of note is that the majority are 0 to 180.
Think this whole thing rotates around CMS as we know PEB is a medicaid provider and PEB have also stated that they offer patient assistance for those that cant afford it.
Nobody turned away so to speak.
Good business ethics I would have thought, more or less on a par with CDY offering free Evolis to cancer sufferers on completion of chemotherapy.
And right down the bottom, this little gem
At the date of signing the financial statements, the Company is in advanced negotiations with a number of prospective
commercial customers for the provision of services.
The first of these new contracts has been signed and the Directors are confident that the other negotiations will be successful.
( my bold)
Heh miner, you forgot the next paragraph:
'However, in the event that these contract negotiations are not successful, a decrease in forecast cash flows may occur. In which case, a material uncertainty would exist which may cast significant doubt on the Company’s ability to continue as a going concern. In this event, the Company may be unable to realise its assets and discharge its liabilities in the normal course of business. The Directors have a number of operational options available to them, including cost management and seeking additional funding.'
(my bold).
The day will come when either the company will not exist or that paragraph will not exist in the Accounts (and the Auditors will not need to tag them).
Best Wishes
Paper Tiger
https://www.odt.co.nz/business/sales...ed-record-loss
6 months trading and the cash runs out according to Craigs.
Wonder if that takes into account the fake sales?