JanOne Inc (JAN)

[Principian]

10Q is out 2nd qtr loss is $1.6 Million

They still are booking the purchase value minus depreciation for the Intangibles.
Geotraq had a writeoff of $1.2 Million again. So it appears the actual cash burn rate is $100k a month. They wrote down $932K as Depreciation of the IP.

Still calculating some other numbers, but do take a look at the Cash and Cash Equivalents... if that doesnt suggest looting I dont know what does. They drained $2.9 Million out of this company since Dec 2017. They are down to around $500K in adjusted Book Value. Intangibles are 62.7% of Total Assets.

Then what is up with this price spike in after hours trading? This stock was nose diving in anticipation of these numbers. Should be fun watching this thing tank tomorrow. Short the crap out of it from the opening of the Trading Session.