Xalles Holdings Inc (XALL)

[Slimjim48]

It is possible OB…..I THINK. But I encourage you and others to perform due diligence. A new revenue recognition standard for non-public and public companies was adopted in 2017 by the FASB ( Financial Accounting Standards Board. I’m sure there’s a bullet point offering as to the goals of the new standards.
Also, public companies are not required to provide forward looking statements or revenue projections, at the peril or declining SP or investors.
Nash, for a time was transparent in regards to the future. There are certain liabilities that may be incurred for a
Public company, when projections of future expectations, made public, don’t come to fruition.
I’ve mentioned this in an earlier post that a lawyer friend asked for more details …..in my complaint with Nash….I’ve since have dropped the conversation.
So what, if anything does the aforementioned mean in the way of Xalles. I don’t know, so I’ll defer to you and guys like HD. It may, at minimum, explain some of Nash’s actions. And, this is a long shot, the revenue recognition change could explain how Xall went from 880K income in 2020, to almost nothing in 2021.