Saturday, September 30, 2017 2:31:45 AM
They had two task orders earlier this year when the CEO was still stateside. Those task orders were, at most, worth 200k in REVENUE, more likely 45-65k total revenue since the average TO value was much lower than the maximum task order value. I understand you've missed the whole thing here, so let me lay this out very plainly. They did practically no business in the last 12 months, and since those two task orders they have received no additional work. This means they haven't had a project in anywhere from 4-7 months, and the company has been paying its overhead expenses that whole time.
The company, at most, has done 200k in the last 12 months in REVENUE. After they've paid their techs, paid Jon, etc, they're actually probably losing money on those TOs since you need a lot of task orders to support the minimum 100k a year the CEO was paying himself out of the company and all the things he charges to the company like his car.
it isn't a good picture.
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