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ricklths80

06/08/15 2:59 PM

#213965 RE: dent1 #213963

There are two answers to your question

1st is the movie Twelve - They got in bad financial shape and are still digging out from it.

2nd is Growing Pains - When a company grows quickly such as Hanover House is the last couple of quarters. The company needs to spend money faster then it is coming in, hopefully in the near future some of the profits will be realized and there will not be a need to continue to sell shares. I for one don't mind helping them grow if in the end the share price goes higher.

There maybe some that don't agree with share dilution at a minimum to help a growing company. I guess it comes down to are they using the money in the right way to grow the company or are they pocketing the money. There is no proof of the latter so in my point of view it is okay.


"what ever happened to the 350000 profit from last quarter?why couldn't they use some of that money to pay off these pesky debts. also where is all the profit s from the last 13 quarters?"

Jerry7777

06/11/15 4:44 PM

#214145 RE: dent1 #213963

In "basic accounting":

"Cash" and "Profit" are NOT the same thing(s)!

(In "accrual companies" --- which is what most are.)

IF you would like I will post some "accounting
entries" that book "Revenue" --- but NOOOOO "Cash".

Have a nice --- "one"!