Replies to post #27853 on Netcapital Inc (NCPL)

[r clarke]

If thats an average week, it puts them well below $1M in revenue? As its being reported by Price, I wonder if its accurate?

... hope its in cash this time.


So, would $1M in revenue actually mean this $20M acquisition is running at a loss?

I really hope their average week is better than $381k funded




Trying to put that into context with a report from last year:


" BOSTON, MA – December 15, 2020 – Netcapital Inc. (OTC: NCPL), a fintech company dedicated to
democratizing private capital markets and empowering entrepreneurs to succeed, announced first half
2021 revenues of $2,493,486, an increase of 198% over the previous year."

https://netcapital-inc.s3.amazonaws.com/press-release/42/93cd2e21-5e66-474f-8fe1-fd30444fbed2.pdf


Anyone here actually pass accounting?


==





" Last weeks revs. I saw this on twitter. It looks like in 1 week the amounts raised by NetCapital is 381,000 x .049 = $18,669.

https://twitter.com/JonnyCPrice/status/1371472440795176969/photo/1