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Re: Horsts post# 7407

Thursday, 03/26/2020 8:38:07 PM

Thursday, March 26, 2020 8:38:07 PM

Post# of 29428
In analyzing a financial statement never look at the revenue first - always look at the balance sheet first and what is disturbing is that most of the assets are Intangible Assets and Goodwill which can be impaired at any time.

Then I look at the profits or losses from operations.

For the last 10-Q the losses for the quarter were $2,100,937.

Losses from the Operations are the Revenue minus the COGS and SGA.

This is a measure of competence or incompetence of management to efficiently operate the business.

And the management is extremely incompetent.

IG

"And the CEO looked, and behold a pale horse: and his name that sat on him was Death to Scams, and Hell followed with him."