Accumulated loss over 50M USD
Bravo, this quarter sees another loss. The poor shareholders must endure yet another blow. Filing is late again, business is going down the drain and losses are skyrocketing. Indeed this is a one of a kind company. A true world leader. Normally you see diminishing loss with growing turnover. But not in this case. So what else is new ? Its just another days at the Office for serial-scammer and veteran criminal Michael Hansen, under his inspirational and visionary leadership the company has lost in excess of 50 million USD. Throw him in jail
Todays Filing;
The Company's results of operations for the quarter ended December 31, 2015 are significantly different than its results for the quarter ended December 31, 2014. Specifically, gross revenues have increased from $4.7 million in the 2015 fiscal first quarter to approximately $5.4 million in the 2016 fiscal first quarter. Losses from continuing operations increased from $1.4 million in the quarter ended December 31, 2014 to approximately $1.7 million in the quarter ended December 31, 2015. The primary causes for the increased loss from continuing operations are higher cost of revenues recognized as a percentage of revenue and higher selling, general, and administrative costs.
