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Re: Y U Axing Me post# 50269

Wednesday, 08/10/2011 10:25:03 AM

Wednesday, August 10, 2011 10:25:03 AM

Post# of 136309

Yes. It has been my stance. And I think for good reason.

Case in point. Take a look at the balance sheet. Look at the Other Assets section. Next. Try to figure out who benefitted from the over-valuing of those assets. It's not that hard if you have a business mind and some time (you'll need to print out the financials and go from one to the next).. Dilution financed all that waste. You might say that it was all in the past, but I'm pretty sure there are people here who have a cost basis well into the pennies who would disagree with you.

Look at the inventory asset on the Balance Sheet. Do you think there's any waste there? I sure do. Dilution financed that too.

Now go ahead and disagree with me. I expect it




Fair enough, I have looked at every financial statement, somethings I agree with somethings I don't. But I do not invest in the past financials. I believe those mistakes have been already priced into the PPS. I invest in the future. But to be fair, you have stated that you do not trust the financials when it comes to revenue. My question is how can you trust the negative on the financials but not the positives?

IMO=in my opinion (my personal saftey harbor statement)

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