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Message: Disappearing sales

Disappearing sales

posted on May 03, 2005 05:53AM
In February, management said

The company also reported $0.967 million in advance payments (customer deposits) at December 31, 2004

Now they say they had sales of $500,000 for the quarter. So they spent 3 months losing 467,000 in business.

Now they say ...

The company also reported it has more than $1.2 million in a combination of orders and advance payments (customer deposits) to date in fiscal 2006.

How much do you think they can whittle off that $1.2mil over the next 3 months?

Wolfy

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