The insiders are selling, the losses are growing, the bill are piling up, the debt increased, and they won't tell you how many cars were ordered last quarter.
Sounds like a scam to me.
Did you check from quarter-to-quarter - does it appear that they postponed paying some A/P bills to help them beat EPS estimates?
With Muskrat's smoke & mirrors, I wouldn't doubt it for a minute they cooked the books.
((( does it appear that they postponed paying some A/P bills to help them beat EPS estimates? )))
I think the idea is to make it look like their operations produce a tiny but of cash.
The increase from last quarter was about $100 million. They also increased finished goods inventory by the about same amount.
They now have something like 2,500 unsold cars they say are "in transit." Why is that number increasing.
Changes in A/P affect the Cash Flow statement not the Income Statement.