Monday, April 19, 2021 9:25:23 AM
The press release could use a little review.
Paradigm Home Health (PHH) gross revenues of $1,061,927, compared to $627,498 in 2019, representing year-over-year growth of 69%.* (Note 1)
PHH recognized a two-year net profit average of 9.95%. (Note 2A)
Net profits for the two-year period ending Dec. 31, 2020, totaled $147,361.* (Note 2B)
Net cash increased 528% year-over-year to $86,000. (Note 3)
Total assets increased 276% year-over-year.
*Paradigm Home Health (PHH) is a joint venture. The Company earns 50% of the net profit or loss associated with PHH.
Note 1: "gross revenues of $1,061,927, compared to $627,498 in 2019" sounds pretty good, but those numbers aren't on the financial statements.
Note 2A&B: Why combine the two year net profit data for PHH? Is it because last year's numbers were better than this year's numbers?
Note 3: Wow! Who is that supposed to impress?
Note 4: See Note 3.
It's morally wrong to allow a sucker to keep his money.
......W. C. Fields
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