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Quarterly & Yearly Reports are always released. And the "Act" of their release should not be viewed as a "Surprise". But this Audit Report did reveal that both Net Income and Growth have become stagnant. And are now beginning to show some Weakness and Contraction, as opposed to Expansion.
FROM THE BEGINNING
Last Year's 1st & 2nd Qtrs were starting to show a small (but positive) increase in Net Income and Growth. But the following 3rd Qtr "Surprise" revealed some Stagnation, leading back into a Net Loss Of Income. This is what kept the Stock-$ down, even though the 3rd Qtr Script & Revenue percentages were increasing year-over-year. But it seems that larger increases in Costs are being passed on to the Consumer, and therefore transferred into Revenues. So, as the Industry Costs have increased, so have the Revenues. And along with other factors, A Contraction In Net Income Was The Result. As the Quantity of Scripts had also started to "Top-Out" .
ANOTHER QUARTER LOSS
Then, here comes some new data in the recent 2016 Yearly Audit... Which revealed that the last 4th Quarter had another Net Loss of Income. The previous 3rd Qrt showed a Surprise Net Loss Of ($2,899). While the 4th Qtr Surprise continued to show even More Net Losses, Of ($5,546). That's A Greater Net Loss. While also only showing an average 14 Script per Working-Day increase, over the previous 3rd Quarter.
You see... The 3rd Qtr months were showing some percentage progress in Growth, when comparing Revenues along with an average increase of 45 Scripts per W-Day, compared to the previous 1st & 2nd Qtrs. But even still, the resulting Net Income was Negative... That Was A Red Flag.
And now... The 4th Qtr shows more "Slow-Down" in the increasing Scripts per W-Day. When compared to the 3rd Qtr 45 Script increase, now down to only a 14 Script increase in the 4th Qtr, over the 3rd Qtr. As the Net Income continued to show an even Greater Loss... Another Red Flag.
And when comparing this recent 1st Qtr to the last 4th Qtr average... This Jan had 6 less Scripts, Feb had 19 less Scripts ...and I am predicting that the March Scripts per W-Day will decrease even more. The Company Is Showing Contraction, Not Growth.
The 4th Qtr Net Income should have been around $150K. But It Was A Big Net Loss Of ($5,546). And the Yearly Net Income should have been around $500K. But It Was Only $209K. That missed my estimates by 60%! The only Positive statistic going forward is the Cash On Hand of $816K. Versus $290K from the beginning of 2016 .
CARROTS AND CATALYSTS
It was already well known they hired an Auditor, to audit the financials of their Small Company. And the "Act" of its release should have been viewed as a "Surprise". They could have done an Audit at any time. It's a very small and inexpensive job that does not take long to do on a Small Company. I'm surprised they haven't done it many times before. But only to be used now, as a unique thing, is just an example of another "Carrot". It was already known this was coming. What else was suppose to have happened. And There Are More Negative Surprises Revealed Because Of It, Than there are Positive.
And it was already known that the CEO was going "Talk-It-Up" and make "Loose Claims" that are protected under the "Forward-Looking Statements" clause. Just as usual. And pandering to any excitement. about Transparency or Disclosure. can be easily interpreted as making something out of nothing, that most have already known the results of.
There won't be any possibilities for Mergers or Up-Listings for years. Those procedures and qualifications are already known, and are very far away. But it all can be used as another "Carrot", before obtaining further Financing, along with its Dilution.
WHAT'S COMING NEXT
Some even already know how this March-Q1 has gone, because of the higher 23 Working-Days. But still, there will be no improvement. It is very easy to track. I am predicting a continued lowering in the amount of Scripts per Working-Day. The extra Working-Days will only give a false perception, regarding bogus Quantity and Revenue projections, based on an inaccurate monthly scale. Because March and August both have the greatest amount of Working-Days.
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MORE NEGATIVE SURPRISES
So basically, there were No Positive Surprises. Only Negative. No Advancements. Just a process that may only be perceived as being exciting to entities that may be behind in this investment. That's all there is. The pps will most likely collapse again. This Company has already Maxed-Out on any further Growth. Sold positions should have already taken place.
ADDED BONUS TRACK FROM AUDIT
" We Will Seek To Raise Additional Funds In The Future, Which May Be Dilutive To Stockholders Or Impose Operational Restrictions "
As I mentioned before: An Audit Document may allow for a broader range of Less Toxic, but still Dilutive, Equity Financing. That's the real and only reason they did an Audit at all. The Company is now entering into a long state of dormancy, as failed "Carrots" and "Catalysts" fall by the wayside.
They will try to fund the expansion of their new start-up adventure: Smart Medical Alliance. That's the only expansion plans they are referring to. And Raising any additional Capital Funds will be a burden for quite some time. Smart Medical Alliance is "Hoping" to offset the Declining Growth that is materializing in the Pharmacy Business, which is currently 99.8% of the Total Business.
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