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Post# of 113879
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larrybaz

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larrybaz

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Re: researcher59 post# 106903

Monday, 08/21/2023 9:49:06 AM

Monday, August 21, 2023 9:49:06 AM

Post# of 113879
ELTK - In addition there was a one-time dinger this quarter:

"Earlier this month, we were informed by the Ministry of Environmental Protection that it rejected our claim to reduce the clean air penalty imposed on us. Therefore, we have provided a full allowance for this penalty in our Q2 interim financial statements and recorded a one-time expense in the amount of $0.35 million," concluded Mr. Yaffe.

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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