Re: 2018 Q1 results not good, not good at allVery poor results for E in Q1 2018. I am sure many had higher expectations.
Gross margins are down from Q1 2017 (38% to 31%), realize the results for Calgary Tunnelling have been excluded from these numbers. Somehow Lennie, Des, and Warren felt they deserved a $600,000 bonus for the sale of Calgary Tunnelling, realize Lennies compensation for 2018 will exceed $1M, this should concern all investors. E's reveune for 2018 looks to be about $25M, these three bandits will be paid approximately $2M. Finally and very concerning is Note 6 a, it appears a finance chgarge of $531K should have been included in 2016 but was deferred to 2018, this "oversight" took more than 1.5 years to be reported and spanned two year end audits...restatement????
Have a great day everyone, do your due diligence...