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Wednesday, March 18, 2015 9:28:27 PM
Don't believe me? Just look at the ridiculous $400k net income being projected from Q1'15 projected total revenues of $9.5M. This translates to only a measly 4.2% net income rate. Q3'14 was 11.9%.
Consider this: At $400k net income per quarter, this translates to $1.6M per year. If Main Ave were to report $24M in revenues this year (which translates to approx $2M/month), this means that if selling expenses were back at the 45% level they were during Q1'14 and Q2'14 instead of the bloated 65% it shot up to in Q3'14, this reduction in selling expenses BY ITSELF would contribute another $4.8M DIRECTLY INTO THE BOTTOM LINE AS ADDITIONAL NET INCOME.
IN ESSENCE, NET INCOME -- AND EPS -- WOULD TRIPLE.
All this continued talk of immaterial side revenue streams are nothing more than red herrings and mis-direction at this time, while BS Schneiderman continues to leave the barnyard door open for select hogs/cronies to gorge themselves at the trough, sending only the scraps downstream in the form of piddly net earnings for the other shareholders.
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