quarterly results

Hello to all,

The quarterly result is really positive. Although we have shown a loss, it is minimal given the expansion that has been going on.
It would seem that all the dregs left by VL and Co have been attended to so that our company does not owe old debts. Also we had to shift from the industrial area back to the city. Again this was mismanagement by the previous group.
Further as we know 4c's are done on a cash basis and do not show revenue that has been billed out at the end of September which is payable 30 days but includes the costs of generating this income. In our case all the Mytopia accounts amounting to about $300,000(monthly income per the release) plus other new revenue sources will be collected in the current quarter. The next quarter should show excellent profits as revenue catches up with costs.
Well done to Jitto, Jason, Wendy and crew for keeping the expenditure well under control while our company establishes itself as a vibrant leader in the field.

Cheers

Silver


IMO DYOR