<<<Give me one good decent, on the level, truthful, honest scheme scam flim flam flingy fact to go on...then I will listen.>>>>
How about GONT claiming it had earnings although it was actually posting big losses?
Specifically, the release that stated, "Our advertising income for the Internet Kiosk business has already passed the $100,000 mark..."
jnne.com
As we know from the filings, GONT has no income, but lost about $1.9 million in the first three quarters of 1999. It posted only $13,000 in revenues.
Not only was the ad money not income, it wasn't even eligible to be counted as revenue.
The best excuse I can think of for GONT calling this money "income" is that they don't know the difference between unearned revenue and earned income. Unless you have a better explanation, like they were just trying to hype the stock and didn't care what they said.
I don't understand, when this company keeps claiming they will be around a couple years from now, why their focus is constantly on the short-term stock price, and not earnings. Why else would they deem it necessary to hire a second PR firm recently? Why is the share count up to 80 million now?
If they want to be above board, where's the quarterly report from the 4th quarter? Tell stockholders what the financial picture looks like, assuming it is so great. Other companies do.
I'm glad you are listening now. |
