Friday, April 11, 2014 4:05:52 PM
Revs are good, especially in the pink world. But usually when there are revs, there is a massive offset of expenses and debt continues to grow.
So, when fins come out, let's me and you take a good look at revs- since we've already been hinted at those numbers, they shouldn't be a huge surprise. I've been keeping track and I think I have a good ball park estimate.
Then, let's see if there is any profit left over. IMO, this will be key. Sure, it might be minimal as we have had to purchase vehicles, equipment, pay salaries, etc etc........ but I have a hunch that there is going to be some green leftovers in there.
Why does this matter? A few things:
- It shows the company will not need to sell stock to generate money (they have "extra" from their revenues). This punctuates Nemes' promise of not selling paper.
- Also, it shows that the business model is viable- we aren't spending $10 to make $5.
- It gives the company options as to growth, recruitment, "rainy days", anything really.
I think we are going to have to start re-educating ourselves on how we read fins, because IMO, the numbers we are going to start getting are going to be completely different from what we've been used to reading with so many of these companies.
Don't share this around. Just between you and me.
Best.
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