This was truly disappointing for many reasons and my original post was wary from the start.
As I said: The information is the quarterly presentation was "ambiguous" and these pharma companies are "risky".
So GAA said their revenue was $21M for the first quarter therefore is was only $4M is the second quarter.
Bull sheet!
They used terms like gross sales, net sales, gross profit, etc in their presentation. What krap!
As I said: "is this too good to be true?".
On Hot Copper I have made a right fool of myself and will shattered for life (LOL).
Their "gross profit" was their gross margin (Sales less COGS) but they made it sound like it was EBIT.
LIP is a company like this. Full of sheet.
But I am holding anyway but wary. It is a competitive market, which is why I did not buy at $1 months ago.
The seller knew what they were doing.
GAA
genepharm australasia limited
This was truly disappointing for many reasons and my original...
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