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Re: oilfieldmafia post# 35999

Friday, 07/24/2015 9:45:15 AM

Friday, July 24, 2015 9:45:15 AM

Post# of 49370
HJOE having over $1 million in revenue before the PLN lawsuit - is a forum myth and certainly not backed by facts.

Made over a million one year before the PLN fiasco.

It is very odd that HJOE couldn't produce the documents to verify all of the losses that they and a few shareholders are claiming and that is why they filed a Joint Motion for Dismissal.


In the 2012 10-K it states the revenue for the year was $1,079,234 but what has been overlooked is that HJOE wasn't involved in the Q1 (Accredited Members Holding Corporation) and their revenue was $445,931 for the quarter for the Q1.

Here you go:

2012 Q2 the revenue was reported as $260,172

2012 Q3 the revenue reported as $386,560

2012 Annual report revenue was reported as $1,079,234.

So the HJOE revenue for 2012 was $633,303.

Substantially less than the much reported over $1 million in revenue.

As usual with HJOE there are problems with the financials.

IG

It's easier to fool people than to convince them that they have been fooled

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