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Thursday, April 5, 2007

My Dearest,

Here's a simple issue you wrote on Auditing Megan

  • Currently? Megan's financial cost for this quarter alone is 16.724 million! And the financial cost for this fiscal-year-to-date 3 quarters is 44.952 million!!!! And at this rate, Megan's financial cost for this fiscal year would be a whopping 60 million,.

Think... think about that.

60 million of its current fiscal year operating profit will be needed to pay its finiancial cost.

WOW!!

Is this even sustainable?

Remember... sooner or later debts needs to be re-payed.

Currently Megan is only burning cash.

There is zero cash flow at this moment of time.

Despite all recording a 9 months earnings of 39.180 million, Megan recorded a negative cash flow of 26.9 million!!!!

How? At this rate, do you think Megan has the ability of ever paying its 888 million in loans???

Think...

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