GREY:ACEXF - Post by User
Comment by
Wonderwonon Jul 06, 2017 10:48am
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Post# 26439427
RE:RE:RE:RE:going to 2$
RE:RE:RE:RE:going to 2$They have yet to make one cent profit, so $20mm is a stretch...do some research on Pinetree and Sheldon Inwentash to see how this one ends (spoiler: bankrupt). A lot of people got burned on Pinetree. How about instead of loading up on cheap stock and options he participates at current levels without doing a check swap. Why isn't anyone questioning why LBI profitability has decreased so much since Quantum took over. LBI netted $8.5mm (85%) on $10mm revenue and now LBI did $3mm profit (60% before interest) on $5mm revenue (note company is reporting gross now instead of net which is a whole other issue). That is a decrease in profit from 85% to 60% and this doesn't even include head office costs! I would love an explanation!