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Re: Richby30 post# 1886

Tuesday, 01/02/2018 1:44:08 PM

Tuesday, January 02, 2018 1:44:08 PM

Post# of 22068
Just noticed that company they purchased even had decreasing revenues from Jan 2016 - Jan 2017. I guess the good part of descreasing revenues is the losses are smaller. -410k versus -376k. At the time of the purchase the company had lost 151K on 32 mill. Their gross margins are very small. Gonna take a bit to make some money.

With their revenue generating system i guess they need the million to cover them for the time being.
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