"These revenues are expected to be reflected in the next quarterly disclosures."
Their first revenues were reflected in the LAST quarterly report so this headline, besides being gibberish, was about a month late:
"FBC Holding Books First Revenues for Financials"
"Maybe Aug. 15th- I need to double check."
Not even close. October 29th.
The company's fiscal year end is July 31 and the report is due 90 calendar days thereafter.
Which reminds me...this CEO is consistently deceptive about his calendar references. For instance, from the recent PR:
"FBC expects to collect the remaining 70+/-% of its cash receivables over the next 90 days, which should "reflect well in the 3rd Quarter Disclosures," stated Russo."
Russo knows that the above statement 1)doesn't make sense and 2)won't be verifiable.
Given that the company's fiscal year ends on July 31, ITS 3rd Quarter ended back on April 30 and was already reported on June 16th.
However, the 3rd Quarter he is referring to above clearly describes the 3rd calendar quarter, which ends on September 30th. The company doesn't file any reports based on a calendar quarter, so no one will EVER know if his quoted statement proves to be true. The company's next "3rd Quarter Disclosures", which are for the period ended April 30, 2015, aren't scheduled for filing until June of 2015.
He knows that.
Think before you invest. Don't let him take you for a chump.
"I ated the purple berries"
