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trader guy

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trader guy

Re: trader guy post# 43

Thursday, 11/09/2006 8:28:30 PM

Thursday, November 09, 2006 8:28:30 PM

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And that's not all. Their accountant doesn't have much of a grasp for simple math either. They show $9MM in revenues for 05 and subtracting the $6.3MM for the rest of the year gives you $2.8MM for Q4. That sounds just fine until you look at gross profit for Q4. Subtract the $2.3MM they grossed for the 1st 9 months from the $5.5MM they grossed for the entire year and you come up with $3.2MM for Q4 which is greater than the $2.8MM in total revenues for the quarter. Is this a Chinese twist on funny math? Sure looks like it. But if you own stock in the company it can't be to funny.
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