RE:RE:NEWS! - Q2 "They almost tripled their revenue and still have a massive net loss. So whoever is willing to still play this scam deserves their loss."
SS, in the early days it was great to help along those that were new to this game and were receptive to learning. That has past. The evidence has been there time and time again. Those that still defend it are either "Eyes that will never see or ears that will never hear" or the scammers that are working them for every penny that they have.
Double, triple and quad non organic revenue growth and beyond but yet the performance from the slot machines always hangs around a million dollar loss per quarter,
Let that lame old excuse machine roll along for another quarter....and it will. RE:RE:RE:RE:Q1 Net income $341,262 US
Careful SS. That report was good for traders but not so for investors.
The comprehensive loss was $95,574 of which there was a favourable foreign exchange and a one time earn out. Foreign exchange can kiss you on the cheek in one quarter and kick you in the butt the next (and it has and will), and the one time earn-out will not be there next quarter. So if one was to take that into account to see if those machines are carrying their weight then the answer is still "No" Without the fickle foreign exchange and the one time earn-out, the business of slot machine leasing and bingo supplies had a Net Loss $669,546 and a Comprehensive Loss of $1,108,552 in the quarter.
When positive numbers come from one time events and feathers in the wind such as foreign exchange, then smart money does not give it any weight past the quarter in which it occurred. Traders know that many do not read past the surface of any Q report and that will always give them the upper hand in this game. Positive movement in the foundation is the only thing that will make a stock go up and stay up for the long term, and the foundation of this report stated that this play is still a million dollar per quarter loser as it always has been.
Happy trading.
----------------------------------------------------------------------------------------------- Canada NewsWire
VANCOUVER, Aug. 25, 2016
VANCOUVER, Aug. 25, 2016 /CNW/ - POYDRAS GAMING FINANCE CORP. (TSXV: PYD) ("Poydras," "PGFC," or the "Company") today announces financial results for the second quarter ended June 30, 2016 (all amounts stated in U.S. dollars unless otherwise indicated).
Second Quarter 2016 Highlights