The problem with "adjusted" financial accounts
Capitalmind Podcast
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When you have a big receivable and in fact when your increase in receivables is roughly equal to the increase in revenue the company is not making any money. There's only one exception if the company is doing work with the government so to avoid this they would pay for it by writing checks which were realized after the balance sheet date now checks are realized in one day, that can only mean the balance sheet date was march 31st whether that's the annual report somebody has gone and deposited a check of 4 000 000 on march 31st that can get cleared on April 1st plus who uses checks? This simply isn't real i mean there are lots of reasons why checks are used
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