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Re: Inorout post# 40578

Wednesday, 08/16/2017 3:25:33 PM

Wednesday, August 16, 2017 3:25:33 PM

Post# of 61601
From the company President in reply to my question about the losses in Q2:

Our financials reflect the sale of certain assets. And the loss of revenue from those assets. A lot of the reported loss is attributable to non cash items and one time charges such as derivative liability and impairment charges. The key aspect is that it reflects a substantial reduction in debt.
If we are going to achieve profitability, a stronger balance sheet is imperative.