Love this part of the article Financial Analysis
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Posted On: 03/14/2013 7:16:08 AM
Love this part of the article
Financial Analysis
The most recent (unaudited) Quarterly Report for Rapid Fire Marketing, Inc. was filed for Q3 on Nov. 7th. The company managed turnover of $25K on a cost basis of $14K, giving it a gross margin of 44%. RFMK managed to burn ( or um...vaporize ) $170K in the same period, reducing cash on hand to $24K, and this after significant increases to paid-in capital. Net losses for the past three quarters have amounted to $431K, and the company lists total assets at $324K against current liabilities of zero.
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