Wednesday, December 19, 2018 11:06:30 AM
https://www.cnbc.com/2018/01/16/globe-newswire-embarr-downs-inc-to-finalize-reverse-merger.html
Latest update : 2/7/2017
Financial Statements
The last fiscal situation reported showed that the net asset per share is positive. EMBR has $0.02 million in cash, $0.8 million in total assets, and $0.76 million in total liabilities. These financial figures showed that the company’s financial situation is stable.
Additionally, the revenue reported for the last quarter was equal to $0.1 million, which we appreciate as revenues were zero in the previous annual report. The income reported was negative; $1.8 million.
Even if the market appreciated these financial figures, we need to remark that they are as of August 31, 2014. In our opinion, after the merger, many of these numbers will change.
My posts are my opinion and are not investment advice.
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