> The slideshow indicated that it took 272 days for Velti to collect its money. It also published a chart showing the difference between the revenue it was owed

> The slideshow indicated that it took 272 days for Velti to collect its money. It also published a chart showing the difference between the revenue it was owed, accounts receivable ("AR"), and actual revenue. AR far outstripped sequential revenue, a clear warning that the business was not taking in as much cash as its contracts called for Who were its clients that were supposedly going to pay them … eventually? Finding good clients is half the battle…. > But after third-party costs are taken out, Velti keeps only $8.7 million in net revenues. Its sales and marketing expenses alone are $11 million. What are these other expenses? They have 900 employees, I would expect a lot of their work is done themselves…. but apparently not? So they were incurring expenses, on behalf of people that were not paying them?