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eliajf
on April 25, 2013
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Failed Startup's Final Income Statements Reveal Gr...
Great comment. I had a professor say often that "cash is king." Obviously these companies aren't paying attention to cash at all.
newbie12
on April 25, 2013
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Actually, the opposite is true. They've got more cash coming in, and cash in the bank, which is masking the operating loss on each sale.
eliajf
on April 27, 2013
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They don't have the cash to pay their bills. Clearly they don't have excess cash coming in. Cash is still king. They are just masking the cash deficiencies of their business by raising it through funding.
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