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  • sheetwise sheetwise Mar 3, 2011 8:13 PM Flag

    what still bothers me is that it's so obvious

    I'm a shareholder. But, what prevents me from loading up is the balance sheet is so vague. The current assets doesn't break down what is what.

    I specifically want to know how current those markers are. I own another company. Nagacorp. They are doing fine but on the balance sheet they have $17 million of markers listed as current assets that haven't been paid in over a year. For sure those aren't gonna get paid.

    I know that AERL can't have 100% of markers being paid. So they should break it down as to which markers are within 30 days, 90 days, 6 months and over one year. Until they do, I can't load up with any confidence.

    GLTA (good luck to all)

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    • I encourage you to either call in with that question on the CC or write to IR and ask about it. I'm sure we would all be curious to know what the response is.

      On the other hand they are generating quite a bit of free cash flow so if outstanding markers were an issue that would not be the case.