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SooS416

05/12/20 12:26 PM

#31323 RE: Honolulu Trader #31322

If their financials are not done why would they make statements like that? Being profitable while private doesn't mean they may show a net income on GAAP financials due to the ways accrual accounting works.

But hey, can just make stuff up right?
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SooS416

05/12/20 12:26 PM

#31324 RE: Honolulu Trader #31322

229k bid at .0082, better than selling below 7

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tmcfo

05/12/20 1:19 PM

#31325 RE: Honolulu Trader #31322

Yes, they could have made that statement but why make it? More important is the level of profit. They can be profitable at only $1 in profit. Will that satisfy you?