2 ms·
The victim complex with this company and the Musk fans is ridiculous. The company was a financial dumpster fire losing exectives at an alarming rate (they had
by thomaskcr 8y ago
The victim complex with this company and the Musk fans is ridiculous.
The company was a financial dumpster fire losing exectives at an alarming rate (they had their Chief Accounting Officer leave after 29 days this quarter). It's just less of a financial dumpster fire now. Their payables increased by more than their earnings and are still more than their cash.
Would you consider yourself financially healthy if you had $3000 between your savings and checking accounts but a $3500 credit card bill (that has been growing QoQ)?
I haven't checked lately how many liens were filed against them but last count I noted was 18 filed this year - vendors aren't getting paid anywhere near terms, this isn't just managing cash - there are still a lot of red flags even if you think (and I would agree with this) the situation seems to be improving.