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Finjan Holdings, Inc. Message Board

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  • remodawg remodawg Aug 14, 2009 8:12 PM Flag

    Any Guesses On The 10Q?


    Just finished reading the entire 10Q

    Yea, the stench fine is up to near $400,000 but they are appealing/negotiating. Still don't have a release from the environmental commission of the stink --- but "they" say the problem is solved.

    So $227,000 of sales so far from Woodbridge at a loss of $2 Million plus. Since they say Gonzales sales went to Calforinia AG, that means the Home Depot, Whole Foods, the Craberry folk, and the garden center wholesaler togethr bought less than $227,000 of product! OMG

    Loved the legal section. It mention three significant cases. They stated the liabilities arising from each were impossible to estimate so THEY DIDN'T ACCRUE for any of them. LOL

    Then there was that vast G&A reduction of over a million --- achieved by reallocating those charges to COGS. !!! Bwa ha ha.

    They also improved current liabilities by reassigning some of there bad debts to long term liabilities.

    Did you catch they claim to have signed a lease for the RI property and have been paying ten thousand a month rental on it.

    Could write so much more. What a friggin disaster.

    But the churn churn churn goes on even tonight. LOL LOL

1.90+0.01(+0.53%)Aug 28 4:00 PMEDT