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exwannabe

07/25/19 12:10 AM

#51463 RE: Welcome2Pinkyland #51462

It is impossible to know what the true revenue is as they are selling app development R&D service to "associates". The accounting for this is very opaque.

We do know that the doubling of revenue in the last 10-Q was accompanied by an increase in cost of good sold that was even larger, thus causing the gross profit to decrease to about $1.5M for the Q.

They still have a negative earnings (despite all the posts here talking about increasing earnings).
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DD

07/26/19 1:45 PM

#51489 RE: Welcome2Pinkyland #51462

Bought in WEYL~~~~~~