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Re: Perfectson post# 62936

Friday, 08/14/2015 9:15:33 AM

Friday, August 14, 2015 9:15:33 AM

Post# of 112759
The "going concern" statement is pretty standard boilerplate for startup companies. Probably 99% of MJ stocks have such a statement on their financials.

The burn rate is not huge and could be offset by their 45% profit margin if they can increase sales with new distribution channels or products.

Nevertheless, based on what we know today, I don't expect a huge revenue increase until at least the December 10-Q or later. The September 10-Q should be a little better but not stellar.

Les

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