payables skyrocketed close to 175% to 2.2MM+
no wonder they have no crush melon. all they have is a lot of bills. time to tap the credit line.
they better bust some sales loose with that though, or it gets dim.
I think most folks are getting a little tired of waiting for when quarterly yoy sales will have stopped decreasing and were hoping that this would have been the quarter. I think JC is very aware of this if you listen to her comments right out of the starting block on the call.
I understand the desire to reduce the low-margin sales to raise overall margins, however, we should be seeing losses decreasing with the operating margins beginning to tick higher. The fact that sales have not turned the corner (yet) and margins are still falling is disturbing.
Will company even do $10 million in sales this year? It's not clear to me at this point.