There's revenue and then there's expenses. I don't think anyone would be all that concerned about lack of profits if revenues are growing. That's not the case here. Those who are piloting this don't have a clue how to grow this company. These results are pathetic and 25% lower revenues over last year speaks volumes!
Did you read the TRTC financials - are they paying 60% in taxes - of course not.
A few will post anything to defend Peterson - it is ridiculous to defend someone who is enriching himself and the other insiders.
The revenue was $5 million - the COGS was $5.5 million and the SGA was $9.4 million (this is absurd) - on the Big Boards the shareholders would demand Peterson resign.
Losses from Operations was $7,881,240.
This has absolutely nothing to do with taxes. Just unfettered spending from Peterson - he couldn't control his personal spending and it has followed him to control his spending.
Since the reverse split the shareholders have been decimated.
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