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Re: gold team post# 80621

Wednesday, 07/02/2014 10:51:17 AM

Wednesday, July 02, 2014 10:51:17 AM

Post# of 123645
If they do have money the big question is where are they getting it from. From their own published financials given total inventory, if the sold through everything they had and latest shipments there would be gross sales of roughly $330,000 to date of their last statement. Their monthly expenses are around $100,000 and they show no cash on the balance sheet in that same statement. They only show a small amount of receivables and a subscription fee (love to know what that's all about). Bottom line is they can't have any money from anything other than new loans or some other kind of financing. That's what you need to worry about. Anyone who can read a balance sheet should be able to see this and extrapolate. A simpler way to look at is just potential maximum sales to date at $330,000 and expenses of at least $600,000. Cash to pay employees, expenses, ret, et. al. has to be coming from somewhere and it can't be sales or profits.