Stella Diagnostics Inc (SLDX)

[dukeb]

The financial make no sense on so many levels. If they were prepared by a CPA that person should lose his/her license.

Under Checking/Savings, a $ 1,000,000 entry marked Chimilenti. Chimilenti is the group that purchased the old software product. Listed under Checking/Savings?

Maybe DUE FROM Chimilenti as an accounts receivable but certainly not Checking/Savings.

Since when is a Stock Buyback fund a LIABILITY? That would mean that the company owes itself to put money into that fund.

They expense something like an Office Build out when it should be amortized and depreciated yet they show Building/Furniture as Equity. That's bizarre. Maybe it's an asset. But equity? Who does that?

And clearly the big revenue amount was a one time "extraordinary item" representing the sale of the software product to Chimienti. You can't extrapolate into future quarters. OK, so a residual component coming maybe but certainly not equal to the sale amount.

Anyone who puts credence in these financials has never taken Accounting 101. They are a farce prepared by someone who hasn't a clue.