All the cash used to buy machinery and deprecated over 5 years. Nta decreasing trend. One third of nta is goodwill # how money is taken out of the company
What could have happened? 2 years ago before the start of the construction projects, they had 50 million cash. Now after multiple private issues plus some mediocre profits the cash is 9 million. Maybe a Jo Low scenario happening here? Over inflated equipment purchases? After all, their depreciation amount is circa 1 million every quarter. Huge red light
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Batman_Return
569 posts
Posted by Batman_Return > 2020-08-22 10:56 | Report Abuse
Monday sky rocket