Last quarter the had a gross profit of $225,000 on $880,000 in revenues... Not bad.
Then you throw on $1,000,000 in admin expenses, and all of the financing related costs and you get a net loss of $3,000,000. Wtf! What are we spending all of that money on!?!? Why do we keep taking on all of this debt? Why won't management tell us? What do the admin expenses consist of, salaries? It would be one thing if the expenses were going to growth but, it seems like all we are doing is paying salaries and servicing debt!
Management needs to be replaced!!! So much potential here and it seems like management is trying to destroy the company!!!
Fire management!!! The rebrand has taken to long! They continue to turn to toxic debt to finance their salaries! Retail foots the bill for toxic debt and management treats us like crap!!! We would be better if with no management than the scum we have at the helm!
Sorry for the rant but looking at the 10-q, per Steve Gormley 's suggestion, just gets me so pissed off! These a holes r running this company into the ground!!!
