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Wednesday, June 19, 2013 3:19:34 PM
I was concerned from what I was finding, thats why reached out to the community for some insight.
This makes for a potental great merger (of equals if we ever get the FINS) or buy out etc. CPSZ has left commons in the dark for a long time with real data.
The PR on transaction increase year over year was great...but it was missing the main component of avg price for transactions in those years so one could know if really increased revenues. It is assumed but with missing info everyone is going on the assumption that it is positive.
I have been around the finance and accounting (and sales) world for quite some time. And extensive work as an internal auditor I and "everyone knows" you can spin anything into a positive based on how it is released. The fact that they only showed transaction growth (good for business) but it doesnt mean revenues grew year over year which if they did for sure they would report to such.
Audited FINS will shed light on what this puppy really is worth and cant wait to review and nit pick the data like crazy to come up with a true valuation of this company:)
Another Green day is another good day for longs:)
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