Looks like this company needs a new CEO. $300M worth of I Phone obs. Who was in charge of buying.
In Dec last they were talking about relisting, with these figures why. No institution would buy this companies shares. Very Poor management with a lot of excuses.
With 8mm in cash, stock worth approx. $2.00 per share. Wonder if they would sell to someone that knew how to run a company.
One more qtr. and if it continues I'm out.
Yeah. I don't think "they" care what we think, which was probably part of the reason for the move to OTC way back. "They," in this case, is one person. I think all the explanation we need is contained in this information from Yahoo: "Stephen Rade , 75, Chairman, Chief Exec. Officer and Pres." Translation: "I'm running the show and I've made all the money I'll ever need and your money, investor, is your problem. Have a nice day."