I don't want to plagiarize but hey that's what this company does so let's listen to logic from an earlier post from a smart person
Somebody Help Me... (Very real question)
At today's price 4:10,000s of a penny,
UTRM Appears to be a $50 template website that is posting other sites news via RSS feeds. Unless there is more behind the curtain that is not being exposed.
It is also a used car lot financing sub prime auto loans which has reported its unaudited quarterly sales performance figures for the first quarter of 2015, revealing that the dealership has generated record gross sales of $1,458,567, yielding the Company $181,157 in net profit. (from their PR listed above)
That profit is 12% over the full them of the loan. A call to sunrise auto questioned, "what is the length of the loan/s?" Answer; 3 years.
They certainly have NOT claimed $181,157 cash in hand profit so it must be forward revenue due to maturing loans.
This means the actual profit for the past highly touted quarter was $1,677.38 (187,157 divided by 36 multiplied by 3) By any used car lot standards this level loses money due to the burn rate of just having the door open and the sign lit up. IMHO Not a business model to invest or speculate in.
Question for would be speculators of UTRM:
What is the investment speculation here to buy into?
What is the business that investors can sink there teeth in to actually make money?
Where am I wrong or what am I missing?
Replies:
Your missing nothing other than the track record
vincelong on 6/15/2015 2:24:45 PM
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