DFT datafast telecommunications limited

check out financials a little closer!

  1. 3,918 Posts.
    Hi guys,

    Been looking at DFT all day today and researching it. Was actually gonna buy in at 1.4c in the morning but decided not to.

    All day I was thinking this little company is goer and cheap and is involved in a sector which is hot at the moment but just now I've uncovered something that has led me definately not to touch it now.

    Check out the financials in the prelim report.

    They have cash at $600k
    Their receivables are $1.3mil
    BUT Their payables are $3.8mil

    THERE'S A BIT OF A PROBLEM HERE GUYS AND SOMEHOW SOONER OR LATER DFT IS GONNA HAVE TO DEAL WITH THE ABOVE!!!

    WHAT DO YOU GUYS THINK OF THE ABOVE SITUATION?
 
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