assets exceed liabilities 8:1 on last financials-
Post# of 9122
Posted On: 04/24/2015 6:37:03 PM
assets exceed liabilities 8:1 on last financials- another co I'm in at this stage has ca same cash but 9.7 M liabilities and no revenue yet which is more typical of co's at this stage
another I was in had ca same cash but 13M liabilities and no revenue
another I'm in has ca same cash,no revenue and ca 250k liabilities
The biggest difference is all 3 above were SEC reporting- the class is NNLX Achilles heel
and sure some is captitalization of patent costs etc but such actually have value -whereas many penny co's have a huge amount of 'intangibles' as assets or ridiculously named 'goodwill' in an attempt to clean up the balance sheet
where do u get 14k revenue?
as noted before revenue to sept 30 in 2014 was $119,246- which is over 4x more than rev to sept 30 in 2013 of $29,208
another I was in had ca same cash but 13M liabilities and no revenue
another I'm in has ca same cash,no revenue and ca 250k liabilities
The biggest difference is all 3 above were SEC reporting- the class is NNLX Achilles heel
and sure some is captitalization of patent costs etc but such actually have value -whereas many penny co's have a huge amount of 'intangibles' as assets or ridiculously named 'goodwill' in an attempt to clean up the balance sheet
where do u get 14k revenue?
as noted before revenue to sept 30 in 2014 was $119,246- which is over 4x more than rev to sept 30 in 2013 of $29,208
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