(Total Views: 328)
Posted On: 04/09/2018 11:32:21 AM
Post# of 82686
Chicken Little "the sky is falling the sky is falling". Mark Kay "Revenues are coming Revenues are coming" ... LOL
Just remember... Mark has NEVER said (and many of us here have known him for several years) that the company "is becoming profitable". This is big. 2017 monthly expenses (based on the 10K) were roughly under $200K per month.
In a conversation with Mark a couple of weeks ago he said that they were hiring folks to deal with the increased work load.
That means monthly expenses could rise to $230K to $250K per month. To be "profitable" would mean a minimum of $3 million in annualized revenue and that is if Mark, George and Ram so not give themselves raises.
On that note, did you see in the 2017 10K that those 3 excuse the company from paying their past owed salaries. Interesting that no one gave them cudos for that in IHub...LOL.
Just remember... Mark has NEVER said (and many of us here have known him for several years) that the company "is becoming profitable". This is big. 2017 monthly expenses (based on the 10K) were roughly under $200K per month.
In a conversation with Mark a couple of weeks ago he said that they were hiring folks to deal with the increased work load.
That means monthly expenses could rise to $230K to $250K per month. To be "profitable" would mean a minimum of $3 million in annualized revenue and that is if Mark, George and Ram so not give themselves raises.
On that note, did you see in the 2017 10K that those 3 excuse the company from paying their past owed salaries. Interesting that no one gave them cudos for that in IHub...LOL.
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