“As a result of our first six months, we are revising our guidance for FY2008. We now project that consolidated revenues for the fiscal year will be at least $1 million higher than FY2007 without acquisitions, with a growth rate of approximately 20% in pharmaceutical software and services revenues combined with a slight decline in revenues for our Words+ subsidiary. We continue to work hard at identifying and acquiring new products or businesses for both the pharmaceutical and Words+ sides of the business. Although there can be no assurances that any acquisitions will be completed prior to the end of the fiscal year, at such time as any are completed, we will update our guidance at that time.”
>>Woltosz added: “One final comment. We would not normally comment on such matters, but at this point I think it is important for investors to have this information. In the trading window that is open for senior managers in the next several weeks, you will probably see a few shares being sold by some of them. These transactions are reported on Form 4s. I don’t expect the total number of shares to be a significant percentage of the public float. No one wants to sell right now; however, the alternative minimum tax has caused some to have to pay taxes on income they have not received. I personally believe that this absurd tax is a travesty. With any other investment, you pay tax on your profit when you sell, but the AMT forces people to pay taxes when an option is exercised and you’re buying. Investors should recognize that such sales are not for any other reason than necessity.”<<
Yikes! Pre-announcing insider sales and at this level??? Nice spin though. I know, I know. We believe!