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In Reply to: RE: The MQA Revenue Plan posted by rt66indierock on June 20, 2017 at 18:36:12
...a simple case of follow the money...?
It's always been follow the money. I have too much respect for Grant Thornton and BDO (the auditors of Meridian Audio and MQA Ltd) to think anything out of the ordinary was going on.
A better explanation is we are seeing parts of the transactions where Bob Stuart sold most of his stock Meridian Audio stock and MQA Ltd was setup as a separate company.
In the short-term MQA Ltd must reduce its burn rate. In 2016 it was about $360,000 a month.
Oh, I did not suggest anything illegal was done. Just the typical legal paper shuffling and three card monty to save Stuart's company, which has been bleeding money for 40 years. His wife's wealthy family is probably tired of pumping pounds into a black hole.
Yes, the cash burn rate. Let's hope it accelerates at a healthy pace.
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