$SGSIF I like this part of the 10-Q which added a huge boost to stockholder equity and set a huge floor under the stock price!!
"The Company had a net income attributable to common stockholders of $1,687,801 during the period ended November 30, 2017 compared to net loss of $(1,856,399) for the comparable period of 2016."
That is a 180 degree switch of a little over 2.5 Million dollars, a 2.5 million dollar increase in stock holder equity!!!
"The increase in net income was primarily due to revenue derived from our new subsidiaries and decreases in derivative liabilities"
The next quarter will report Dec-Jan-Feb revenue, not the multiple hurricane devastated revenue. The next quarter should show a nice bounce in post hurricane repair work and extra revenue from catch up work delayed by the hurricanes.
Gotta love it when they turn around a loss from hurricane impacted revenue to a $1,687,801 gain ( Profit! ) with a share conversion at 10 times the share price of what the bankers that supported the firm from 2015-2017 could have converted shares at 12 months ago.
And now those bankers hold about 25% ownership, of restricted common shares they can not sell with out an SEC approved, public notice share selling plan. This means they will be inclined to continue funding the firm and supporting the stock price any way they can.
This means 75% of the stock is owned by 3 officers and a banker!!!
Also the comment made today about zero cash on hand is BS, they have 2 million dollars in receivables, it just means that by days end the last day of November (the report covered three months ending the day of Nov 2017) they wrote checks for the amount of cash in the checking account. They could have had $500,000 in the account a day earlier. And they could have deposited hundreds of thousands of dollars a day later from payments due against the 2 million in receivables.
Time slap that .02/share and take it out, then we trade from .02 to .034 until .034 falls finally, then the sky is the limit
"The Company had a net income attributable to common stockholders of $1,687,801 during the period ended November 30, 2017 compared to net loss of $(1,856,399) for the comparable period of 2016."
That is a 180 degree switch of a little over 2.5 Million dollars, a 2.5 million dollar increase in stock holder equity!!!
"The increase in net income was primarily due to revenue derived from our new subsidiaries and decreases in derivative liabilities"
The next quarter will report Dec-Jan-Feb revenue, not the multiple hurricane devastated revenue. The next quarter should show a nice bounce in post hurricane repair work and extra revenue from catch up work delayed by the hurricanes.
Gotta love it when they turn around a loss from hurricane impacted revenue to a $1,687,801 gain ( Profit! ) with a share conversion at 10 times the share price of what the bankers that supported the firm from 2015-2017 could have converted shares at 12 months ago.
And now those bankers hold about 25% ownership, of restricted common shares they can not sell with out an SEC approved, public notice share selling plan. This means they will be inclined to continue funding the firm and supporting the stock price any way they can.
This means 75% of the stock is owned by 3 officers and a banker!!!
Also the comment made today about zero cash on hand is BS, they have 2 million dollars in receivables, it just means that by days end the last day of November (the report covered three months ending the day of Nov 2017) they wrote checks for the amount of cash in the checking account. They could have had $500,000 in the account a day earlier. And they could have deposited hundreds of thousands of dollars a day later from payments due against the 2 million in receivables.
Time slap that .02/share and take it out, then we trade from .02 to .034 until .034 falls finally, then the sky is the limit
