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Blizzld

02/19/16 12:33 AM

#3338 RE: Blizzld #3337

Sorry , should read "near profitable on 3-4 million in SALES per quarter NOT debt.

(was able to edit post to correct)
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Toxic Avenger

02/19/16 5:34 AM

#3339 RE: Blizzld #3337

You're numbers are way off.
3Q loss from operations was $1.1 million.
Interest was an additional $168k.
Net loss was $683k because $229k of the loss went to the Indian sub (that's what "non controlling interest" is, it's not "interest paid on a loan") and $326k was a non-cash gain in the value of their toxic debt, which occurred because the stock price fell so much.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11014823

They'd need over $5 million in sales to have any chance at break even and as of 4.5 months ago, they had over $5 million in net liabilities.