unbelievable quarterly 3.6m revenue

Transol have really got their BS machine set on maximun this quarter. They have managed to classify all the loan funds from the Rentworks lease program as Revenue .

If you remove this accounting trickery the real cash receipts from customers for the quarter was 47K versus 49K last quarter. Not even enough to pay the salary of the new addittion to management.

Surely when companies use this sort of reporting magic you know they can not be trusted.

Personally I cannot see how this is not misleading and deceptive behaviour from the directors.

I dont own and never will