SAKL CEO perspective on Q1 2016 numbers> "Remov
Post# of 140
Posted On: 06/04/2016 2:59:02 PM
SAKL CEO perspective on Q1 2016 numbers>
"Remove the deferred revenues, a ($2.3M) liability, from the balance sheet and run them through the income statement. In other words, add them to revenues. Liabilities decrease by $2.3M and net equity increases over $1.5M. Under this scenario, SAKL would have posted a profit of over $500,000. Fixed payroll costs continue to accrue irrespective of recognizing revenues is the "why" behind high G&A plus audit and outside accounting costs."
https://www.facebook.com/SackLunchProductions
The CEO is telling us that with Deferred revenues SAKL
effectively turned a $500,000 PROFIT ! And consider
Q1 is SAKLs WEAKEST qtr of the year. Add in the fact
they had ONE TIME costs in Q1 in doing their AUDIT to
prepare for uplisting to get off the Pinks + adding accountants
so they can get their filings done on time in the future and
you can see that by the time we get to Q3 SAKL best qtr
of the year their profits are going to be SOARING !!!!
I remain confident goes to $1.00+ in 2017
"Remove the deferred revenues, a ($2.3M) liability, from the balance sheet and run them through the income statement. In other words, add them to revenues. Liabilities decrease by $2.3M and net equity increases over $1.5M. Under this scenario, SAKL would have posted a profit of over $500,000. Fixed payroll costs continue to accrue irrespective of recognizing revenues is the "why" behind high G&A plus audit and outside accounting costs."
https://www.facebook.com/SackLunchProductions
The CEO is telling us that with Deferred revenues SAKL
effectively turned a $500,000 PROFIT ! And consider
Q1 is SAKLs WEAKEST qtr of the year. Add in the fact
they had ONE TIME costs in Q1 in doing their AUDIT to
prepare for uplisting to get off the Pinks + adding accountants
so they can get their filings done on time in the future and
you can see that by the time we get to Q3 SAKL best qtr
of the year their profits are going to be SOARING !!!!
I remain confident goes to $1.00+ in 2017
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