Posted On: 06/13/2016 11:30:16 PM
Post# of 8802
Re: Ronin_Trader #6541
The only bombshell in any of this is the change in revenue from last year, imo.
We get a new 10q with Dec included, but a couple lawsuits added somewhere on the 10q, then its done.
Lawsuits arent a big deal with companies, Walmart prob has like 1000 against them. Trump has something like 160, Apple and Samsung are suing each other every other month. Anytime someone is making money, people have their hands out.
They probably decided to go public due to the lack of financing available when they were a private company (as noted with the inventory issue,) so now they shouldn't have that issue as a public company.
If they show revenues in the first quarter of around 3 million, we will be in good shape. People overacted today by selling like they did. You woulda thought they said they were gonna reverse the acquisition. The financials will help, but what really will help this company is growing quarterly reports from this point on, as long as that is good, no one will give a damn what they made in 2015.
Thanks for breaking the 8k down Barney style though, Im sure it will help a lot of people.
We get a new 10q with Dec included, but a couple lawsuits added somewhere on the 10q, then its done.
Lawsuits arent a big deal with companies, Walmart prob has like 1000 against them. Trump has something like 160, Apple and Samsung are suing each other every other month. Anytime someone is making money, people have their hands out.
They probably decided to go public due to the lack of financing available when they were a private company (as noted with the inventory issue,) so now they shouldn't have that issue as a public company.
If they show revenues in the first quarter of around 3 million, we will be in good shape. People overacted today by selling like they did. You woulda thought they said they were gonna reverse the acquisition. The financials will help, but what really will help this company is growing quarterly reports from this point on, as long as that is good, no one will give a damn what they made in 2015.
Thanks for breaking the 8k down Barney style though, Im sure it will help a lot of people.
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