RE:RE:RE:RE:RE:RE:5 Trading days left in June !Investor10X wrote: astutein wrote: Investor10x- You have repeated stated DM is debt free. Have you not read May 30 Q4 DM press release.?
In this press release it states
Liabilities 10,859,million
I repeat LIABILITIES 10,859 AND liabilities are a definite debt of any company.
Did you eat paint chips as a child? We have had this discussion nearly every time the financials are released. You do know you can simply read the information beside the numbers to see what each liability represents. The two major liabilities that are in that number that you stated are: (1) income taxes paid ($2.7 million) and (2) accounts payable ($5.4 million). The accounts payable is money owed to vendors for products they bought (i.e. covid products). The company made money on that. Does it really need to be explained to you that a company has to pay money for a product they get from the manufactuer and then they turn around and sell it at higher price to the customer for a profit? You really can't be this dense to not understand how products and services are sold around the world. There is also a section called loan payable. Can you tell every body what that number says? Probably not, so I will. $30 000. You will also find this number under the section called DEBT. As for the rest of that amount, they are lease liability, defered revenue and provisions and contigent consideration.
ALL busineses take on liabilities in order to operate and grow. Clearly, something you still fail to understand and you still fail to bash the company with, as you do this with every financial report. You really are grasping for anything you can find. Maybe next time you should actually know what you are bashing so you don't look like such a fool. If I sound arrogant in my response, as pointed out in the past by others, you will also notice that, that arrogance is only extended to the dim-witted bashers on this board.
So in essence, DM is debt free, as those liabilities are the basics of doing business. The company hasn't taken on any major loans that are being hit with higher and higher interest rates.
nice to see your stance changed on the
- liabilities
...
also you forgot to mention about the DILUTION
people are waiting on your DILUTION lecture
lol