THE MEANING OF REVENUES
Large revenues do not indicate positive cash flow, they can be a gross (before expenses), and without knowing what the net is (income after expenses), there's no way to tell if LIBE is making money or running up debt on sales (we've all sold off shares to liquify assets, to buy time for the next trade, no?)
Never base trades on OTC revenues, the companies are scraping by, that's how they got here. Tesla has revenues in the billions, yet loses $600 MM per year. Tesla has never made a profit. They're still in business because investing institutions are making their money financing Tesla, governments, who are funded by their taxpayers, stay in office by subsidizing Tesla with "green" jobs for the locals, a PR move. Tesla investors get a tax a deduction for their green investment, so the machine chugs along, everybody smiles. A win-win.
Since even a Profit and Loss Statement can be manipulated for tax benefits, I wouldn't speculate on what any filing means, especially on an OTC. Trade based only on what is in front of you.
The Pig and the Farmer
Summary
Don't get tricked into financial analysis, unless you have a a degree in it, in which there's money more in it that than trading OTC's. Be sure what you are looking at, it's not to be found in anything LIBE knows you can see. Your job is trade on your numbers, your business plan, not theirs.
Happy trades!
"The pig and the farmer both ate a wonderful breakfast, only one had lunch."
-Oracle, 2019
