![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
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.
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM