Thursday, December 01, 2016 8:04:01 PM
Just read the filings....
NO REVENUE from testing means NO real testing being done.
NO EXPENSES attributed to testing means NO real testing being done.
It's not "magic". If you are performing a service for a customer, you show Revenue attributable to that service. If you are performing a service for a customer, you show Expenses attributable to that service.
"Testing" requires equipment. Where are the Capital Expenditures?
The equipment acquired would show up as Fixed Assets. Where are the Fixed Assets?
Good DD IS NOT just reciting the PRs and company handouts and looking for the good. Those things are never hard to find.
Good DD IS finding out what the company and CEO do NOT want you to know.
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