Want to be tra soarent since ive been so vocal on $trit that last night i reached out again given some discrepancies in financial statements related to account receivables being so high and their platform costs not being in r&d but in investing cash flows (higher ebitda shown)
While the comoany has not gotten back to me on the details of my additional questions they did say that they dont plan to have any formal quarter results for the q they just provided estimates for... they said their press release saying 17M rev plus 10M net income is all we get
Said their auditor kpmg is “budy” till january and would take thrm 30 days to do and by Feb it will be old news and they think spending 50k on that doesnt make sense. The next formal financial results they will provide will be for year end in feb and they said they have 120 days
So officially they might not have anything new until May of next year in terms of financials? They fo plan on releasing more press releases in the meantime to let investors know how theyre doing but PR’s are very different from formal results and numbers.
To be up front I REALLY dont like this and to me this doesnt make sense so again given a lot of people have relied upon my work here i wanted to get this out so ppl can decide for themselves what to do.
Ive decided to sell $trit. I found myself looking for rebuttals to every bear case however as soon as I refute one another issue pops up. Poor price action plus statement from company in regards to financials...thats it for me, hopefully im wrong, everyone make ur own decision
Spent hours last night going through every page of this which wasnt easy to find sec.report/Document/00012…
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