RE:FinancialsI'll have to dig through them later today when I have time but at first glance they seemed fine. Still $29 million in cash and gross profits of $156,970, an increase of $61,240 (or 64.0%) over the previously reported quarter. Not sure about the details on loan to Happy Caps or debt from SR wholesale but obviously something to do with the purchase of those businesses. But buying SR wholesale was a great move even if they did take over a debt. The next quarter will include more sales from their 2nd harvest which i was hoping would be on this quarter.
BrokerG wrote: auI am not sure where to start with how bad these numbers are.And you wonder why the share price was going down before the release. Because the rats were leaving the ship
First, shares outstanding has increased to 355 million. Second, they gave Happy Caps, $772k in loans with no repayment. In other words, free shareholder money. Third, their cash decreased by 2 million in one quarter. Fourth their long term debt increased by 1 million from the SR wholesale acquisition. The market is telling you what it thinks. I have no idea what to do? HELP