Surprised we have not seen more insider buying or a buyback fhe Company .
The insiders bought big around 5.37$ - 6 months ago The Compsny should finish the year with what 12-13million in cash which is basicly it's market value - they could buyback a most 10% of the company for 1.5million - the secter is a disaster but they need be more proactive on my view
In reply to the statement, "The Compsny should finish the year with what 12-13million in cash which is basicly it's market value"
What bothers me is that in the companies' financial statement they have less cash now-over 2 million US less than last quarter. And there is a brief note about some of that amount due to employee bonuses. How much? They don't state any amount. They were 1.7 million US short of break even and this bonus money might have been the difference. THAT IS BS,and STUPID if they want new investors!
They book most of their business in second half of the year. The first quarter is always the slowest. Their backlog has already doubled. Look at 4th quarter last year to get a better feeling. I expect around 4million cash flow positive for the year. I laughed at the other post about IBM article in which IBM stated Efuture was one of their most important partners in China-Ibm worth 200bill-Efut worth 12million-
Hudson - how much if anything left on that deal ? So they have restricts on buying back shares until that is done ?
Also - buying shares at 5.37$ was anti dilutive because it was not in the private market and they had to issue those guys like 25,000 warrants which they dumped immediately - I told them should have bought in the open market . They should be buying on the open market with their own money in my view -