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Toxic Avenger

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Toxic Avenger

Re: Blizzld post# 3337

Friday, 02/19/2016 5:34:03 AM

Friday, February 19, 2016 5:34:03 AM

Post# of 26233
You're numbers are way off.
3Q loss from operations was $1.1 million.
Interest was an additional $168k.
Net loss was $683k because $229k of the loss went to the Indian sub (that's what "non controlling interest" is, it's not "interest paid on a loan") and $326k was a non-cash gain in the value of their toxic debt, which occurred because the stock price fell so much.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11014823

They'd need over $5 million in sales to have any chance at break even and as of 4.5 months ago, they had over $5 million in net liabilities.

“No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people"
H.L. Mencken

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