At first blush it is an interesting and seemingly meaningful interview. Then when one compares his glowing accounts of activities to the just released "Income Statement" (if one chooses to call it that), something simply doesn't ring true. To wit: Q2 2013 revenue = ZERO; Q1 2013 revenue = $3K; Q4 2012 revenue = Zero; Q3 2012 revenue = $3K.
Here are the annual numbers: 2012 = $17K; 2011 = $9K; 2010 = $54K.
So, are our best days behind us?? This is amazing to me that so many quality people could be engaged in a company cresting at inertia. I'd love to attend a shareholders meeting. I'm not far from Bala Cynwyd if they held it around there. Some clarity and the big "when are contracts and revenues expected?" needs to be answered. This is taking way too long for a bunch of partnering companies that have been around for quite some time. This isn't a start-up. Rather it's supposed to be a symbiotic relationship intended to help all parties. If you can't read between the lines, I'm a frustrated long.
Re: 10Q filing: What was staggering to me was the quarterly the payroll expenses ($8.2 mil). Really?
I understand most of it related to the warrants for the executive management and the 8 new employees, but it seems a bit excessive, especially so early in the game.
Also, I see they have an affiliation with Gaming Partners International, a publicly traded company (symbol GPIC). Hopefully some good will come of this.
Lastly, the revenue LLTI expects to receive will be from licensing and royalty of their technologies. Their partnering with ABnote and Gaming Partners is still in the very early stages of a test run. I would not expect a firm commitment and/or contract from either of these companies before year-end.
I'm still very positive on LLTI.
It appears that my thoughts of months ago has begun to make sense to at least one person on this board. We seem to have several more months to go before a possibility of evidence that this company can make revenues let alone profits. Window dressing bod's mean nothing in the long & short of things. AND remember we still have to face a reverse stock split some time in the future.