Thursday, April 22, 2021 9:26:04 AM
On the $16 million, after I posted about it I saw where that information came from. This disturbs me, because of the dependence on "gross profit," which is simply "Sales minus cost of sales," and represents only part of a financial statement, leaving out all the costs of operations, all the salaries, depreciation and depletion. Using gross profit to proclaim a company is doing well leaves out most of the picture. Its like "cherry picking" the good numbers while leaving out the rest of the financial numbers, which may not be so good. If they were good, why would they not be mentioned.
I am long $AABB, but would much rather read complete financial numbers, not just gross profit, which says very little.
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM