Extrapolating revenue for 10 months (if not only 9
Post# of 9122
Quote:
Extrapolating revenue for 10 months (if not only 9 months) of 2014 to a full year yields $143,095. If, in the 3.5 years since sept 2014,revenue has increased as much (408%) as revenue did in JUST the last year reported, would yield $583,827. Since last financials NNLX engaged in aggressive cost cutting,perhaps cutting costs in half,in an effort to obtain net revenue without the usual toxic financing ,bad partnerships etc.,which would perhaps bring costs down to 500k/yr.
if this scenario is anywhere close to accurate,they would be hovering just below or above net revenue,another game changer.
If the company was currently producing $500k in revenue, there'd be no logical reason for them to have issued a press release recently which stated:
"The Company is currently seeking to raise $30,000 for the April payment of the international annuities for the issued FlatPack patents and pending applications...."
Also, the company's primary expense has been the issuance of stock grants. Other than that, the company's expenses are de minimis. The only toxic financing the company has is of PIPE investments. Other than that, the company couldn't even receive a car loan or be issued a credit card.
Let's not make the company sound bigger than what it truly is. Keep it real.