Friday, November 08, 2013 6:03:18 PM
The fact that they pulled in 1/2 million in REVENUE and only had 6k in profit, tells me that they are re-investing back into the compnay. And this is what you must do if you wish to do a complete market grab in the industry.
The only thing I find disturbing with the Filing is that Scott needs to educate himself a bit more on how to do these filings. Firstly, depreciation has nothing to do with cash. It should not be in the cash-flow sheet. Secondly, cost-of sale, commission, wages... all missing from the cash-flow!!! Thirdly, balance sheet... You did a good job listing all your tangible assets, but what about the intangible ones? Any intellectual property??? Any brand recogniztion? Your liabilities... which are current which are long term??? I could go on and on. I would suggest you get someone on your advisory committee that can fill in this gap in your company skills matrix.
Other than that, pretty good filing. GO SEEK!
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