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pitts77h

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pitts77h

Re: Dragnet post# 78493

Wednesday, 11/16/2016 10:08:57 AM

Wednesday, November 16, 2016 10:08:57 AM

Post# of 100669
Jerry didn't mention how terrible the financials were going to be, did he??? I didn't think so.

https://www.sec.gov/Archives/edgar/data/1670869/000166357716000391/mainbody.htm

He didn't happen to mention they had ZERO CASH ON HAND, did he?

Mention that RECEIVABLES ARE 100% OF SALES? That they've ballooned to THIRTEEN TIMES their previous level? Who runs a business where receivables are 100% of sales?

Mention that ACCOUNTS PAYABLE DOUBLED? Humm.. zero cash, and accounts payable doubled. What does THAT tell you? Jerry can't pay the bills!

Mention that OPERATING EXPENSES DOUBLED?

Mention that the LOSS FROM OPERATIONS DOUBLED?

Mention that they BURNED THROUGH 566,000 IN CASH IN JUST THE LAST QUARTER?

WHAT A DISASTER!

"Rich people don't buy penny stocks. They're too smart."
-Jordan Belfort, "Wolf of Wall Street"



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