Because I've long speculated that the AMPS revenue would not stack up as everyone expects, and rather than finally get an answer, we get more obfuscation.
Accounting complexities? Eh, give me a break.
Let me explain a thing or two;
Many were waiting on this quarterly as the thing that was going to save the share price, demonstrating revenue / possible income. Are you going to get those details? Nope.
I think many are expecting 4.7 million in revenue to be on the quarterly. It's not. Cameron is saying that AMPS, year to date, has done a total of 4.7 million in revenue. Being that they acquired them in the 3rd quarter, they don't even get the benefit of a full 3 months of revenue reporting. They get 1.5 months of revenue, if that. In addition to that, only 80% of AMPS was acquired, so not all revenue is going to FUTL's bottom line. In addition to that, AMPS was acquired in a JV with GreenLeaf. After you factor in these things and realize that the big, publicized number of "4.7 million" is being cut several different ways, the resulting figure is likely paltry.
80% of 4.7 million = 3.7 million divided by 4 yearly quarters = 940,000 divided by only being on the books about half of the 3rd quarter = 470,000.
So, $470,000. And that doesn't even take into account what GreenLeaf's cut may be as a result of the JV.
Now 470,000 in quarterly revenue is not a bad thing, if it were real, and if the O/S weren't being bloated to 3.5 billion, making a share price of .002 a 7 million market cap.
As to it being real, we now have no way of knowing. AMPS revenue figures are now reduced to a footnote, which tells us nothing. Reduced to a footnote, likely not because of "complexities," but because they couldn't find a way to dodge the SEC while doctoring their books.
AMPS has done 4.7 million in revs? How? Are they even cash positive? Is FUTL cash positive? Find out next time on "Cameron's Keep On Kicking The Can Down the Road Show!" Now everyone will be "holding" for the NEXT quarterly... while absorbing gobs of dilution. Funny how that keeps happening, no?
So now you have a quarterly coming out with goose egg for revenues, no income figures (except for operating losses), and a footnote promise. Terrific!
We'll see tomorrow. Maybe that footnote will be wonderfully detailed, totally negating everything I am saying here, but, I doubt it.
