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Re: makeithappen post# 41263

Saturday, 05/11/2013 11:37:28 AM

Saturday, May 11, 2013 11:37:28 AM

Post# of 380893
Beat projected forecast? Forecast for what?
Gross sales? Gross Revenue?
If there were sales, shouldn't there have been an Accounts Payable item on the Balance Sheet in the quarterly report? NTEK's December "projection" and its quarterly report use different terminology, which prohibits a valid comparison.

According to NTEK's quarterly report, "We generated revenues from operations of $37,655 since August 1, 2012 and have incurred $168,740 in expenses through September 30, 2012, as well as $508 costs of goods sold." That's WAAAAAAY longer than one quarter, isn't it? And yet LESS THAN $40,000 revenue for such a long period of time?
Furthermore, NTEK claims expenses for a totally DIFFERENT time frame, with expenses NOT listed for the same time frame, but only from (apparently) August 1, 2012 through September 30, 2012!!!

So please help me understand how the two documents can even be compared, let alone confirm a 37% increase above the projection!!!!
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