Signal Gold's Income Statements Don't Make Intuitive Sense After looking at Signal Gold's news release, while their revenues have more than doubled from the same quarter last year, their net losses have gotten worse.
Obviously, Signal Gold has poor cost management as revenue has more than doubled, but end up incurring large losses as opposed to a major profit.
If an Accountant saw this, he/she would raise red flags against the company, especially when revenue more than doubled, but losses are the same or even worse than last year.
Mathematically and Financially speaking, Signal Gold should be at least $3 million in the blank, not $1.2 million in the red.
Even their working capital levels are raising red flags as its also in the red.
Signal Gold has already done enough damage to its investors as a result of cutting off their revenue streams with their decision not to go ahead with Stog'er Tight and winding down Point Rousse operations, and now they have poor revenue and cost management.
ENOUGH IS ENOUGH!!!