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lattethunder

03/18/22 11:28 AM

#24104 RE: Sonomavalley #24101

You try but sadly still fail.

In 2002 Amazon had an accumulated deficit of $3 BILLION DOLLARS... wow, what a crap company, whoever bought stock in that company probably hates themself right now -- said nobody.

The retained earnings (accumulated deficit) was in part absorbed once the company was taken over. It's like a relay race. If you're the best racer on your team and the past racers cause you to be behind, you can still do well once you have the baton to move the company forward, but you are still subject to where the predecessors have put you.

Retained earnings is not applicable to what the company is doing now, it's a metric that describes what the overall "retained earnings" are over the life of the company.

I'd venture to guess that every company, given the nature of the OTC market, has going concern statements in their filings because of the blood-sucking nature of lawyers. That's why the companies that are able to move onto better exchanges do so.