"I can not understand how they go bankrupt with so many newspapers websites."
Either can I. Each paper is a small town weekly, with at least twelve subscribers. Those numbers do add up, don't they?
If you or I "age our receivables" by letting our credit card bill slide, we get to pay 25% APR on the balance. I suspect INUV's trade creditors are a bit more lenient than Bank of America is with me. One might suggest that stringing the trade creditors along is cheaper financing than the debt they had outstanding. Trouble is, at some point the creditors will demand payment. The company has in the past pointed out that it has taken this strategy as a means of conserving cash, with the disclosure that the downside is that the subsequent worsening of the relationship with its creditors might not be so positive for the business.
Interesting as well that, while cash flow appears strong and debt is down, they are doing it on the backs of their trade creditors. Take a look at accounts payable and accrued expenses.
"Our patents, in particular our pay-per-call family, are very valuable"
Valuable to whom? A kid with a lemonade stand has a better chance of success than this company selling either itself or its patents.
"First, the leads come to you."
Yes, but only if the website offers a product that attracts the market.
You have noticed, have you not, that the share price has almost halved since yu went to the pinkos?
""We believe our unique local search traffic is very valuable ..."
Yes, and many people believe their homes are worth far more than the market is willing to pay, as well.
You think the goodwill and the intangibles are worth 100 cents on the dollar? Were you born stupid, or did you get there through hard work and practice?
"And because the liiabiities cound [sic] not be reduced in Q3 again, we will have a positive cash from operations..."
Nobody can be this stupid, can they?
And if the queen had balls, she'd be the king! If the company doesn't pay its bills, then cash flow is positive?
What a hoot! This dingus prvti888i tells us to buy shares in a company that has negative net worth, negative operating results, negative cash flow, and has not filed an SEC report since November of 2013 when it filed a statement claiming accounting hardhip and the inability to file its September 2013 Form 10Q. His reasoning: they are not bankrupt! Not bankrupt? Negative net worth, negative operations? Not bankrupt?
Winthrop Couchpotato is still too embarrassed to admit that Loco is one of their clients.
So how did they reduce liabilities by $4.4 million and still maintain positive cash flow, especially with continued reduced revenue? Did they pay down those liabilities with their good looks? Is hooking their new business model?
And by the way, prvt888i, a company with negative net worth, negative operating results, and negative cash flow sure looks bankrupt!
Just what the world needs, prvti888i! PRVT, a pornography distibutor based in Spain, (not) trading at $0.01 per share, 68% held by insiders, no shares held institutionally. Keep pumping, boy -- you may yet get to take a dump!
And the CEO said that when the shares were trading at a much higher valuation! The market ignored him, and for good reason.
I think that TZOO will pay us a krillion dollars for Loco Corpse, and we will all be rich!