RE:Profitability goes down the drain
MadCan24 wrote: Dont know what to say, seems like dead money to me. Loosing patience
Read through the finer details...
- We had a loss of $51,800 on the bottom line overall for the quarter
- we have $380,500 more in Assets mostly under 'Receivables' and 'Inventory'... and we are caught up on the past backlog
- our Term loan on the last machine is paid off (the Revolving loan use is up, but I don't know if they used it at a lower rate to pay off the term loan or loaded up on buying resources)
- some options rolled up un-used
I think the company is doing fine, just need to let the story play out and get back to dividends hopefully in a year. Not gonna get rich and the red number is ugly, but it could turn around quick...