BlockQuarry Corp (BLQC)

[loanranger]

This is nuts and they make it easy!

From the PR:
"SWH Reports 6,400% Sequential Quarterly Revenue Growth"
and:
"New Q2 data, taken relative to sales from Home Healthcare operations in its prior quarter, represent a robust sequential quarterly growth rate of 39%."

The rounded raw numbers from the financials:
Q1 showed $2K in Revenue ($100K in Home HC sales weren't reported).
Q2 showed $141K in Revenue including $139K in Home HC sales.
Now watch carefully:
The 6400% comes from (141-2)/2...which is an increase of 6450%. Note that it comes about because NO Home HC sales were reported in Q1 even thought they had $100K in sales from that sector.*** So that's definitely nuts...and extra nuts for being in a Headline.

Moving on to the source of Home Healthcare's "robust sequential quarterly growth rate of 39%":
Again, watch carefully:
As noted "During the three months ended March 31, 2019, the Company recognized income and costs in the amounts of $100,347 and $113,045, respectively, pursuant to the PHH agreement.
The Income Statement shows HHC Revenues of $139K For the Six Months Ended June 30, 2019.
Obviously then there were HHC Revenues of $39K in the second quarter....
A DECREASE OF $61K from the $100K recognized in the first quarter.
Only in LaLaLAND does that "represent a robust sequential quarterly growth rate of 39%". It's BACK ASSWARDS!!!


These guys think we're all stupid and it's really only some of us.


***From the current Report: "During the three months
ended March 31, 2019, the Company recognized income and costs in the amounts of $100,347 and $113,045,
respectively, pursuant to the PHH agreement."


https://backend.otcmarkets.com/otcapi/company/financial-report/221344/content
https://backend.otcmarkets.com/otcapi/company/financial-report/228639/content