IMPORTANT POST. The CYOE release. What a Crock? Never have seen so many "ifs, maybe, contingencies, case by case basis etc" in one release. The refer to acquiring Apollo Telecom again. Didn't they call that deal off 30 days ago. They refer to Appolo Telecom in Japan. That entity is Apollo KKK. The company they announced was Apollo Telecom a subsidiary in Salt LAke City and Palos Verdes, (home of Gene Curcio of Crescent Communications fame. These guys have so many phony deals going, that can't even remember what setup companies they are "Buying" and what deals they have called off.
Moreover, as I have posted previously, there is some $3,500,000 in unsupportable revenue, which would turn their "profit" into close to a loss.
They keep making a big deal out of deferring 3.7 million in profit from a 7.2 million dollar sale attributable to Wireless U.S.A. a highly questionable San Diego front. The difference between the sale and that deferral, was booked and covered general overhead. If there was no financing, how the hell could they book any of it? If they had not booked any of it, they would have lost 8,000,000 instead of $3,868,000. Their sales would have been an anemic $9,000,000 and that includes more questionable sales I am sure. Am I missing something here?
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