this post was submitted on 20 Dec 2023
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Might be.. the article is really unclear, but I really don't think it is, they already factored in 42million in charges from the 49m.. There something I don't understand with this.
Thats due to 0 economic knowledge of the author. The article says 49 mil profit, which should be revenue. If you mix up such basic figures I wouldn't trust any other 'analysis' of the article.
Exactly. Things like loan payments would be part of expenses, so either the $7m isn't profit, or they have a really bad deal with their investors if they're taking pretty much all of the profit.