NECA Financials for 2017 are Dismal
2013 2014 2015 2016 2017
Net Income(474,997) (135,675) (314,769) (216,049) (502,984)
EBIT (325,688) (129,228) (124,597) (138,105) (306,068)
Now, in terms of the financials, it's on par with 2013, and NECA is still around, but it's never seemed to make a profit and the losses have increased for the past 3 years. However, what concerns me is the number of shares outstanding.
Shares Outstanding
51.8M 53.26M 500.85M 892.29M 2.3B
Yes, it's an OTC stock, but this trend indicates that not only is income dropping, but the stock is being steadily diluted. I haven't seen any large capital investment (ie, expansion, new locations) so it appears to be a pretty vanilla money grab.
I would very much like to hear from the CEO on this board and address these numbers.