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Thank you doinit, but "gross profit" has a very specific meaning.
Sales less "cost of sales"
After that you have all the operating expenses, including depreciation and depletion, if any, before arriving at net income or loss.
Gross Profit tells very little and if that is all the financials have to offer, it is very little and can be very misleading.
not weird at all doinit. Gross profit is not net income. Far from it.
Something very suspicious to me on announcing "Gross Profit."
A company may announce its sales figures or its "net income."
But to make a big deal out of its "Gross Profit" makes absolutely no sense at all and is misleading, as you can easily have a gross profit and while incurring a massive loss!
If the stock is worth little or worthless, a stock dividend, one with restrictions, is not going to be of any good. When it trades ex-div, we are back to square one!
How can one see any gold mine from a satellite?
Could anyone see a gitreal documented gold mine, with google earth or even with their "street view?"
Babubd, I think you are full of yourself. $10, really. First hold 50 cents.
No dividends for shorts as they have no ownership.
You're right lostnfnd. You got me on that one!
Now let's find a CPA who can sign off on that one!
I don't care what the gross profit is. That's not the bottom line. You can have a gross profit in the millions and have a net loss.
What is the net income or (loss) for the company?
Chances are if you're raving about your "gross profit" and not talking about your "net income" then you're hiding behind it and you actually suffered a loss.
What a dismal, pathetic performance today. Usual story, opening enthusiasm followed by a petering out (or at this moment "falling off a cliff!)
I have to stop watching this and go about my life.
"History" repeats itself very often here.
TradeRewards, do you have a link for this most excellent news?
gitreal. Let's assume mostly everything you say is correct. (I strongly disagree with you the the T trades though).
What do you think their end game will be by retaining a reputable CPA firm to conduct the audit? Either they will certify the financials (including the assets), have notes to the financials that they cannot comment on the existence or value of the gold, or just walk away from the audit, which would be "game over" for AABB.
You would be validated. But, unless Turner Stone is corrupt, why would a phony company have a certification that would expose them?
That .659 high day was immediately followed by the price falling off a cliff and hanging on when we hit around 10 cents.
This has been a more healthy price pattern. We don't need to go parabolic only to see the mirror image of that heading back down. This advance seems much more sustainable.
Thanks Norge, I appreciate your response.
None in my wallet. Dominating my portfolio!
Hello Norge,
Thank you for sharing with us your good experience with purchasing the coins. When everything is operational what do you see the coins being primarily used for? TIA
GAP closed. Next?
Good point Runners. Of course, unlike us, they have the resources to buy just about any stock at any price. But, you're right, we can both think of some "once in a lifetime" issues that getting in on the ground floor would have had stellar results. Hopefully, we are in on that "groundfloor" now!
Doubledown: I don't think institutions are permitted, no matter how promising a stock is, to purchase penny stocks. If has to be a few dollars a share before they can dig in. Look at it this way: should we get to that threshold there should be a ton of pent up demand to propel it even further into the stratosphere!
Norge, what do you anticipate using the gold tokens for that you can't otherwise do with, let's say "cash" or credit cards?
Thank you.
Not such a "good morning!"
I don't think there will be a buying frenzy at all. Not at this price level. Not with the 50 to 1 ratio, and not with the restrictions.
The fundamentals of the company is what matters most, and that EVERYTHING hinges on.
JMHO
Thanks fdry123, I certainly would not consider doing my DD by reading all the posts today.
So there is no real confirmation of news from the company and all this activity came from a tweet?
Seriously?
Hey Breeze,
I really like (can't say I enjoy anymore) reading your posts. Given that everytime NP opens his mouth the stock price plunges, I'm not sure that I'm a big fan of his speaking weekly. Weakly speaking is bad enough. I don't know why I did not "pull the trigger" and get out the moment I saw the announcement last week that he'd be doing another "session" when we were still in the "4's."
Thanks for the correction, soldier. Any thoughts about $AABB?
If only she had a heart that letter would be great.
Here are some technicals that are very concerning.
(not usually my job)
https://www.barchart.com/stocks/quotes/cydy/opinion
CYDY sees themselves as eventually becoming an oncology company.
Sorry Boston, you beat me to it by 14 seconds (I wrote more!)
Discus...I'm sorry.. I've been here a long time. One should not invest on "hope" and I've done that. Wish I could help you.
Discus: History has taught us that NP's projected timelines are unreliable and seem intended to mislead.
clambottler, good luck finding a paralegal who will do all this work. I noticed the line about a sense of humor (like the person who wrote this)
Anti-gravity?
Hubfan, where do you get this info from ?
Zen, I used to like that song, that is until you put it into a different context.
Not a very encouraging opening today. Support at 0.1917 nonexistent. According to the followed Barchart site, next point is at 0.1684. Let's hope!
that 100% is already old news.
raging: thanks for the links to bar charts. By clicking on the various options a tremendous number of additional readings become available. Probably tge best source for objective unbiased technical opinions.
I did read the disclosure and it clearly stated what you mentioned as to how the price is based. However it specifically stated that the token is not backed by gold. Sorry I can't provide the link while on my cell phone.
The token is not backed by gold, rather its price is based upon the price of gold.
Making a 6 figure profit on this does not mean its not a scam. I have also, but I have concerns and believe its normal to go in with both eyes wide open.
AAA, I sincerely appreciate the DD you are doing and sharing with the rest of us. I hope it all pans out. I also spoke with a partner at Turner who was very cordial, did not have much to say but confirmed their relationship with AABB.
Gitreal is a moderator here so chances are he is not going anywhere.
I have noticed on stocktwits mention supported by links that the "token" is not backed by gold with only its price related to the price of gold.
AAA, I spoke with Cheryl Gore today. She mentioned that others had called Turner for verification as well.
While confirming the relationship with AABB, mentioned the audit had not yet begun and that she could forsee a trip down to Mexico to verify the existence of the
mines.