Confounding , why state only $2.8m revenue from existing customers and leaving the impression that $22m “cash revenue” is revenue when it is not as it is revenues plus prepayments making up total cash receipts- so that begs the question what was revenue for the quarter then , but annual report and another presso had statutory revenue as $14m . Conveys a different meaning- so when cash revenues reported as having substantial growth , a lot may actually be prepayments and its easy to provide incentives to customers to prepay upfront with discounts. I think there needs to be a more robust reporting standard to be put in place if we let non revenue companies to list.
BIG Price at posting:
$1.78 Sentiment: None Disclosure: Not Held