How old were you TWELVE YEARS ago? Can you remember the big concern TWELVE YEARS ago? It was the turn of the century and the big concern was Y2K, remember? Review the factual data listed below. Verify the data below with the corresponding 10-K / 10-KSB for each fiscal year to assure yourself it is accurate (FYE 07/31/01 was restated in the 10-KSB for FYE 07/31/02).
Yes, current shareholders, PURE management has not made a profit in ANY YEAR for the last TWELVE YEARS. Rather than a “consistent profit,” PURE management, with the concurrence of the Board of Directors, has produced a “consistent, perpetual loss” year in, and year out, over the last TWELVE YEARS. PURE management has not made a profit in over a decade. PURE management has not made a profit this century.
Where is the Board of Directors? Doesn’t the Board of Directors review financial operating results on a quarterly and annual basis? Where is their fiduciary responsibility to the shareholders of PURE? What are they doing? The Board of Directors must think these financial results are acceptable because losses have been recorded for TWELVE CONSECUTIVE YEARS.
So why did Mike Krall get a bonus of $97,500, and Donna Singer get a bonus of $45,500? Can you guess the one word answer?
FYE Net Loss
12 Year Total Net Losses $(49,352,379)