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Wednesday, December 16, 2020 5:27:29 PM
Point is, no one should be heavily disappointed or expect profit to affect share price at this point in the game. Ultimately we are dealing with economies of scale, they have the overhead it takes to run several combined companies, push PR, legal fees for auditing and up listing... Simply put, the cost of growing and expanding. Until revenues jump to between 40 and 100,000,000, the weight of overhead is going to be too high to show profits. That is why the CEO points towards gross profit margin of operations, he knows he has to get sales higher and overhead down before net profits will occur.
There is a balance there however, they should not be burning through millions of dollars of cash just to keep operations afloat... that will be a problem as well, I will be watching that situation with you
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