Quote:
Originally Posted by golfing eagles
Absolutely, positively the most likely scenario. But time will tell. The naiver posters on these threads believe that if there is an "overcharge", that money is just sitting in a drawer (or somebody's pocket). They have no concept of operational expenses
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My logic is at odds with yours. We're talking about $300M + in OVERCHARGES above what was properly reimbursed. So, TVH's revenue has a layer of income from proper reimbursements and a layer of income from improper billings.
Shouldn't the proper reimbursements have been sufficient to cover the company's operating expenses? If not, the business has obvious financial problems and I really don't think that's the case. Generating additional income from improper billings wouldn't increase the operational expenses substantially other than maybe hiring a couple more coders and accountants. Could be its expansion plans were unknowingly ramped up because of overall income and the money went there???
Admittedly, the QAnon in me is still curious to eventually see where that extra revenue went. The filings stated some went to a partner to pay down a line of credit. There might be some issues there if they determine it was an extra-ordinary or accelerated paydown and the timing coincides with the startup of the billing issues.