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Oh yes .. you and I have been through this before ... let's take the UK accounts files in December 2013.
Turnover: £13,066,363
Pre-tax profit: £186,160
Post-tax profit: £146,595
Total liabilities: £2,538,395
Turnover was down 6% on 2012 which was 15% down on 2011. And the company was sitting on £3.9 million worth of stock in December ... I assume Christmas didn't go to plan.
Doesn't make great reading ... there were probably some inter company transfers. I'll dig out the US figures.
Browse the web ... if a company is profitable why sell? Line 6 has a group of venture capitalists who, reading between the lines, wanted out.
Remember, it's easier to criticise than create!
*An Official Foo-Approved guitarist since Sept 2023.
Remember, it's easier to criticise than create!
Until then, I guess I'll finish modifying this M9 I've got
https://dl.dropboxusercontent.com/u/630473/GearDemos/M9_switchmods.JPG
Remember, it's easier to criticise than create!
*An Official Foo-Approved guitarist since Sept 2023.