Wednesday, June 26, 2019 9:18:25 AM
With respect to the loss, the market will see once the financials are out. A couple of elements to consider:
- A company needs to invest in property, plant, and equipment (PP&E) which results in higher costs up front in order to generate revenues later
- The $31 million valuation report is probably based on assets, not based on revenues
- There will be a lot of information in the "Subsequent Events" section of the report. This narrative will tell what has happened since the end of the report period through the posting date (06/26/2019), although it likely won't provide numbers.
The paradox of iHub: buy high, sell low
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