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Re: Gladys Thong post# 77703

Saturday, 08/20/2022 7:28:51 AM

Saturday, August 20, 2022 7:28:51 AM

Post# of 83055
Well, you’re not wrong, and your numbers are correct. There is more to the story than raw data however.

A few things can be mentioned quickly. From 2qt 2018 to today the dilution is over 50 percent.

The revenue from 2qt 2019 to today is a drop of 75 percent.

The cash has dropped down to life support. Equity, the same.

But the reasoning is missing. Everybody can have their own opinion on the why’s. And, everybody will come up with their own reality to reasoning, and that at different times.

A couple of questions, as an example, could be where is the customer retention? Or, perhaps another would be with all the new products they have come out with since 2018, why are they selling 75 percent less total?

There are reasons/answers for these questions, the how’s and why’s, however the debate here will quickly come to a match of excuses vs reality without the depth of proper reasonableness this company finds itself surrounded by.

Your post is correct, but as to the how’s and why’s, that’s will be something that all will have to reason out with their own thought process. IMO