Super rare to find a company with billion dollar revenue, millions dollar net profit trade under four cents.
BLOCKBUSTER EARNINGS ON FRIDAY...
Merger/acquisition the deals was finalized last year. Once they go public stock has fallen. Unfortunately, debts and toxic notes hit share price from .38 52 week high to below two cent. According to the financial documents. The current 10-Q indicated they fix debts issues, and payoff toxic notes. Right now the company made efforts to improve the balance sheet.For the Six Months Ended November revenues $595,202,549 Net income $6,511,641, Accounts receivable $123,057,802, Net Cash $30,406,559 increase the credit facility from $40.0 million to $47.5 million. On top of all that; PENDING merge IPO uplisting to Nasdaq exchange.
The company was able to turn itself around with a successful financial results from a loss making company to a profit making company.