Moelis you have to hand it to these guys.The May 16 report they forecast cash in bank was to be $13.7million.Fast forward to today and the latest cash flow report from the company showed a balance of $11.2million which they have incorporated into their latest report.They just dropped the assets by $2.5 million without adjusting other line items.So why did they not add the $2.5 million to accounts receivable or say the company is going to loss a further $2.5 million?
Moelis update, page-8
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