Replies to post #41715 on California Grapes International, Inc (CAGR)

[dh30067]

This is worth repeating, "payroll dropped from $47,000 to $12,817"!

Payroll was just $12,817 for Q1 which was 3 months! This is the equivalent of just 2 employees making $2100 per month! Does anybody still work at this place????????????????

...payroll dropped from $47,000 to $12,817...

[whodis]

The fact that they showed a profit is a FACT. Whether or not is is "sustainable" is a matter of opinion, and as usual, we will have to agree to disagree. The best of companies improve their bottom line by cutting costs. I like what I am seeing all around here, particularly the fact that the criticisms of the company have come down to the CEO's fashion sense. If you ever loose your job as a pink stock "analyst" you guys have a definate future replacing Joan Rivers as the fashion critic at next year's Oscars :)

I also pointed out it was not a sustainable profit