Since Listing, Smartag Had Reported Losses Every Quarter!

Posted several times before:

June 2011: Is Smartag Worth A Bet?
June 2011: Smartag: I Am Wrong Because The Stock Moved Higher?
Aug 2011: A Quick Look At Smartag's Earnings.

Smartag reported its earnings the other day. It reported losses again.

But the lack of sales revenue was most glaring.

Have a look.

Now if you look at the above snapshot, on 13th April 2011, Smartag made two quarterly earnings report. But Smartag made its listing debut on 18th April 2011. Which means those 2 set of earnings was made before Smartag was listed.

Now if I take this into consideration, since listing, Smartag had reported losses for every quarter!!!!

Yup!

Exactly!

Yet another QUALITY-LESS company being listed on our stock exchange.

Sigh!