Sunday, February 23, 2014 2:21:58 AM
In the 3 months from Dec - Oct 2013, FITX made $130,901 in profit and had $1,541,822 in "General and administrative expenses"
From Oct 2012 - Sep 2013, made $463,094 in profit and had $4,807,188 "General and administrative expenses"
I'm sure most of you know what general and administrative expenses are so I won't act like I'm talking to a group of third graders.
So, if you are following along still...
Company earned $593,995
Bill found a general use for $6,349,010
Which left FITX with (5,549,834) last year
So, for roughly every $150K that FITX earns, Bill sees $1.5M there. And yet, somehow they are still undervalued to it's stockholders.
Andy was $1.3M in debt coming off of an $816K loss last year and sold $1.1M worth of shares to fund Wazillo and this acquisition and he's one that can't manage his company apparently.
I can't tell you where to put your money but I'll tell you that these are the current facts.
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