Friday, July 01, 2016 4:06:27 PM
There are two sets of numbers that, when viewed together, give a snapshot of the company.
The balance sheet and the profit/loss
Butler points to the balance sheet because the P&L always shows losses.
He's hoping to distract from the painful truth.
Just listen to his disgust in the opening financial discussion of the last conf call.
He is ashamed to be associated with DDI, thinks Smith is delusional in his get-rich-quick schemes and will likely bankrupt the company despite his efforts to corral stupid spending.
Aren't you thrilled that Smith finally disclosed in the con'f call that he has swallowed the hook on another treasure hunting sceme????
Yeah, the subsea thing with "far greater returns than oil and gas" mentioned in the last question was all about his latest venture into wasting shareholder money on his gold fever quest for sunken treasure. Gives you a warm fuzzy feeling to know he is so dedicated to "core products and services", right?
The caller who asked the question was so excited he took another call during the recorded conf call!!! LOL!!!
IMO
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