'gblxfan' Here are some "Hard Core" #'s that should give everyone pause {1} GROSS profits are running @ about 60% {60C out of every $!}
{2} General & Admin. Expenses{Which includes all salaries} are running @ $12.015 Million per fiscal last 9 Months{2018}.
[3]Interest Expense{Debt Service}is $4.870 Million per fiscal last 9 Months{2018}
{4} NET loss for fiscal 2018 $19.433 Million, UP from $13.263 Million the year prior.
{5} NET cash provided by FINANCING activities $14.769 Million, UP from
$8.293 Million the year prior.
Now you know why Poss spends most of his time on the horn, trying to get more $$$$ to satisfy this hungry $$$$ Beast. A beast of his own making, by virtue of UNPRODUCTIVE decisions, such as borrowing long to
fill short term financial gaps. This is what happens when you ink deals that are non-producing for years into the future & of questionable fiduciary benefit, while neglecting the short term $$$$ needs of GBLX. Bad Management, Poor Decisions & a lack of Short Term/Long Term Financial Balance, is what leads to this sort of PPS Meltdown. GL Play it as you see it
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