Replies to post #7987 on Great Tang Bid Technology Inc (fka GTBT)

[UHCougar]

Very true! Also considering management has 32% skin in the game. The lower the pps goes, the lower their equity goes. Wish I could anticipate which quarter we see profitabiity. I noticed in the research report Equity is forecasting 5% profit margin on close to $40 mill revenues. This would put EPS at around $0.01.

[Pennystockplayer]

Can't argue with that. But at the current rate, they could bring in $1,000,000,000 and still not be profitable. There's just a huge lack of efficiency and perhaps frivolous activities causing the G&A to be ridiculous. They seem to find a way to increase misc. expenses relative to added gross profit.

However.... All things remaining equal, they could greatly increase revenues and possibly not find a way to compensate with misc. expenses. Therefore, they would have no choice but to post a profit..