Taxes are a minimum 35% federal and then states taxes would also apply. How can they publish financials without accounting for around 40% of real expenses missing. All of the equity is tied up in receivables and inventory and the equity is surely over inflated by at a minimum, the taxes. If the taxes aren't right then I would not doubt that the revenues are not correct either. $25 mill in 1st half of year which then declines by 70+ percent in the 2nd half all while the PO is still open? Well, I think the momo may push this up some Monday but dont be suprised if it is short lived as credibility again will reign in. Best of luck!
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