No way to see $0.18 in your lifeEUO 2016 total revenues were $1,664,737 CAD.
EUO 2016 total management expenses were $1,173,934 CAD
So, 70% of total revenues goes to pay Management (Bruce, Doron, Andres, etc). Do they really deserve that salary compensation for selling only $1,6MM ?
Add here $1,001,124 CAD for Administration costs
And for selling $1,664,734 CAD revenues EUO needs 60% for sales and marketing expenses (=$1,060,060 CAD)
No way to believe in Bruce Rowlands. He is doing a very bad job.
Check YTD, EUO is going down and down. I told you to SELL at $0.18 months ago.
B4ever