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just Scottie

01/17/24 6:50 PM

#53703 RE: Volcano #53702

Damn greed got me again.. should have sold at 0027
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samroux

01/17/24 7:00 PM

#53706 RE: Volcano #53702

The "revenue" is not what it seems.

They sell gas. There's a 2 cent profit margin on gas per gallon. If 10 million of their revenue is coming from the sale of gas, which is likely low balling it, that's $200,000 in profit.

As I understand it, this company is failing. Hence, taking an OTC shell they can dilute to prop up their failing business.

There's no way to positively spin this. Kevin Damoa likely took a nice cash deal under the table and left this thing for dead.
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oldstocks

01/17/24 7:11 PM

#53708 RE: Volcano #53702

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