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mightymoe

07/28/17 12:38 AM

#19904 RE: PENNIEStoSTACKS #19903

Mr. Yates continued, "With additional capital we will be able to produce and ship even more product in April which would then be our first profitable month. We believe the best path to shareholder value is to continue to put together back to back periods of increased revenue and profit."



Our 2016 restructuring of our operations is starting to yield positive results. Today, we are now able to do more with lower costs compared to the past. Going forward, our new business processes are generating increases in product shipments. As a result, we believe that our Company should be able to become profitable on an EBITDA basis during 2017 when we anticipate being able to achieve record quarterly sales. Our goal is to earn a net income profit in 2018.”

jacksira

07/28/17 12:49 AM

#19906 RE: PENNIEStoSTACKS #19903

It isn't possible must have had bigger losses in Jan, and Feb, than the month of March as a break even month? They reported a loss for the first quarter, per May 22 quarterly report. The Yates statement doesn't make any sense? The truth is being glossed over. Folks need to read all the paragraphs not just the first one. They are losing money in the first quarter how hard to figure it out.