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Flip2Retire

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Flip2Retire

Re: Atlanta1 post# 26602

Monday, 04/17/2017 7:38:30 AM

Monday, April 17, 2017 7:38:30 AM

Post# of 54515
Way to spin the dilution machine into a positive change in net loss due to conversions on existing shareholders. How do fair markets allow companies like this to just piss away money with no accountability?

Net loss for the year 2016 was -$38.9M, that included approximately $14.3M in non-cash interest expense and change in fair value of derivatives & extinguishment of liabilities that were associated with the outstanding convertible notes and convertible preferred stocks. Overall, net loss improved by $6.9M, or approximately 15% from -$45.8M in 2015 to -$38.9M in 2016.
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  • 6M
  • 1Y
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