Post by
deepoil0808 on Apr 05, 2022 2:46pm
Careful of ACCOUNTING ENTRIES
I truly feel sorry for all of the shareholders holding this stock. It is obvious by now to everyone that the future looks very bleak. I predict that in the quarter of April to June the company will barely hit $ 3 million in revenue and will show a SIGNIFICANT LOSS.
For the quarter of January to March I am expecting another big loss as I believe that there may be accounts receivable losses. It is easy to bill but hard to collect.
The fact is that with close to $ 86 million in sales, the company managed to collect only approximately $ 3 million per month, while it cost them alot more to operate so big losses, since September 2021.
I do not buy the 90 day period for insurance companies to pay. I give the comparative of a dental bill that can be in the thousands of dollars and is paid within 3 weeks at most, compared to +90 days here.
The company was verified by the regulatory department in Canada and, I imagine that it is the same in USA in California with billing and services. Who knows the result of this review.
If you want to know the truth of things, then just look at the bank account.
Numbers do not lie, PEOPLE LIE.
A person with any sort of intelligence will conclude that it is impossible to have only $ 125,000 in the bank account when you have $ 86 million in sales, it just does not make any sense.
I remember that there was another unrelated public company that operated in Canada that specialized in accounting entries to boost their revenues. When all was said and done, that company was reporting $ 40 million in revenue while the actual real revenue in the bank was $ 2 million. Eventually the regulatories caught on and shut the company down. The directors were sued and some ended up in jail.
On a positive note: Catpyjamas has finally learned his lesson that when you wish evil on others, you are only wishing evil upon yourself. I hope that he gets the therapy he needs in order to heal and become a good samartian and productive human being with love towards others.
My personal opinion,
Comment by
Catspajamas on Apr 05, 2022 4:14pm
*yawn* The numbers are the god thing with this stick, despite your wall of fiction. But hey, the share price is back where you first sold - here's your chance to get back in. But you won't. Why? *cough*PODA*cough* You're stil the absolute worst investor on Stockhouse.
Comment by
Icekold on Apr 06, 2022 4:19pm
Its been 3rd party verified , phukk off.