The market is seeing that TKO revenues of $3.1M are highly disappointing, especially when it sees that TKO needs to make about $30 to $35M to be profitable. $3.1M times four gets them about $12M. Nowhere near profitability. Then, the market also sees TKO trying to use tricky accounting tricks. They have to add in $500K of MSHI revenue to even reach $3.6M. That is like any shareholder claiming TKO revenue as its own. TKO practices voodoo economics at its best.
Down 7% today already...not looking too good. Hope everyone listened to me.
All posts are only in my opinion. I am not a broker or anyway involved in the securities or investment industry. I do all my own due diligence. Any allegations to the contrary are totally fabricated.