![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, April 05, 2012 12:29:36 AM
What I see from Q3 to Q4 (correct me as appropriate).
- Revenue from $263K to $284K; 10%, really nominal in light of the 'kicker' provided by holiday sales per a company PR.
- Profit from $62K to $80K.
- Accounts Payable and Other Liabilities from $275K to $1.5M, or 4+ years of profits!!!
- Although mysteriously not in the P&L, the statement of shareholders equity shows a Q4 increase of deficit of $1.2M due an 'adjustment for non-recorded debt.'
Also telling, the issuance of 950K shares for 'professional fees,' perhaps to the 'independent' research company who issued the opinion on the company's stock potential back in December?
Wish the company filed 10-Ks, perhaps the mysteries would be revealed.
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM