$PEAK - Poseidon - $PEAK - InvestorVillage


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Msg  61593 of 61635  at  10/25/2021 4:05:46 PM  by

pookie16


 In response to msg 61591 by  Roland22
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Re: Poseidon

 Good point Roland,
We did hear some negative views on Poseidon but none related to the actual situation. I feel the fool for not doing a quick check on the cash flows and noting dividend payments were approximately equal to floating of new shares.
 
In hindsight, hearing that customers requested pick up of the equipment would have  revealed the bogus receivables. The story of being slow to pay would have instantly been disproven with 2 calls to the bigger customers.
 
 Thanks


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