Trucept, Inc. (TREP)

[genlou]

Operating income was 709.642 last quarter.... compared to 49.515 the same quarter in 2020. Net income was 672,967 last quarter. Operating income was just 49.515 the same quarter in 2020. The net income of 1,989,121 was due to tax variance in 2020,whatever that it.If it had not been for the tax variance the company would have lost money in 2020.

The 672,967 last quarter is pure income.

https://backend.otcmarkets.com/otcapi/company/financial-report/284438/content

I continue to like TREP. TREP is the only stock I am aware that trades for less than .07 a share. Yet, earned 672,967 last quarter. And has only 52.912,123 shares outstanding.I would have been a little concern,if TREP had lost money last quarter. And if the CEO's written statements about the company had changed from positive to negative. Even without the audit it is hard the believe TREP's pps is so low. When so many stocks are trading at a much higher pps with no income and so many shares outstanding. I do hope the audit will be completed very soon.