GREY:LGLTF - Post by User
Comment by
nnneilioon Jun 11, 2015 5:00pm
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Post# 23821997
RE:Repost-Also wondering if CEO got huge raise by directors
RE:Repost-Also wondering if CEO got huge raise by directors 60606060 wrote:
the company posted an operating loss for the year of $4 million. Given that it had made $7.2 million in the first nine months, that implies an operating loss of $11 million in the fourth quarter alone.
The audited results show an operating loss for the year at $4million, I think we need to consider the possibility/reality that the Q1, Q2, Q3 2014 results were all fictional since there was obviously some problems with the way they were accounting for things, including their treatment of revenue/deferred revenue. It's far more likely that they were losing money every quarter, and Q1 2015 is no different.