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Bullboard - Stock Discussion Forum AmeriTrust Financial Technologies Inc V.AMT

Alternate Symbol(s):  PWWBF

Financial Services Industrials Credit Services Conglomerates
AmeriTrust Financial Technologies Inc., formerly PowerBand Solutions Inc., is a Canada-based financial technology (fintech) provider in the automotive industry. Its integrated, cloud-based transaction platform facilitates transactions amongst consumers, dealers, and funders. The Company has commercialized a Fintech automotive-based software platform that specializes in auto leasing and is the... see more

TSXV:AMT - Post Discussion

AmeriTrust Financial Technologies Inc > Misleading news releases
View:
Post by lscfa on Mar 14, 2021 9:45pm

Misleading news releases

Co. is reporting gross sales transactions and then stating gross margins are 60%. Readers are erroneously assuming the 60% applies to the gross sales figure when in fact the 60% applies to the sales commission earned on the gross sales figure and the sales commission is a small percentage of the gross sales figure. When financials are posted investors will be in for a negative surprise.
Comment by premium54 on Mar 15, 2021 7:58am
I really don't think ANYONE assumes that the company makes 60% of sales.
AmeriTrust Financial Technologies Inc
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