Alkaline Water Comp Inc (WTER)

[236T568]

WTER makes blatant false statements in its Sept 2018 10Q regarding Gross Profit Rate for the quarter.

The Cost of Goods Sold increased from 57% to 58% from last years Sept quarter to this years Sept 2018 quarter, implying that the Gross Profit Rate DECREASED, not increased as falsely stated in the WTER 10Q:




"For the three months ended September 30, 2018, we had cost of goods sold of $4,987,161, or 58% of revenue, as compared to cost of goods sold of $2,753,879 or 57% of revenue, for the three months ended September 30, 2017. The increase in gross profit rate is a result of reduced raw material cost through greater volume purchases from our suppliers."





WTER files 10Q for the 2nd Quarter ending September 30, 2018



https://www.sec.gov/Archives/edgar/data/1532390/000106299318004510/form10q.htm