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Re: lesgetrich post# 15208

Thursday, 01/19/2017 6:27:48 PM

Thursday, January 19, 2017 6:27:48 PM

Post# of 37495
Les..so we agree its puzzling that conflicting net-income figures were provided i.e. 128K (8% of 1.6M) per quarter in one PR and 1.6M in other PRs. Also, there is an assumption that numbers weren't available to Paul on 10/24/2016.

A quote from your article:

An 8% profit margin with $1.6 million in earnings should put their revenue at roughly $20,000,000/quarter or $80,000,000/year.



What is more puzzling is that a company with 80M/year revenue is trading in OTCPink. If a company has such revenue and 1.6M/Qtr net income then management of that company would hire outside financial/law firms to process their paper work to list their company in NASDAQ etc. not in OTCPink!

Therefore 1.6M/Qtr revenue sounds more reasonable with 128K/qtr net-income as it was stated in mCig's Oct 24, 2016 PR!