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Augme Technologies, Inc. Message Board

  • michael.liang85 michael.liang85 Jul 10, 2013 8:10 PM Flag

    The Good, Bad, and Ugly

    Good:
    After listening to the call...still gotta go thru the filings

    Ivan started the call off basically saying the industry slowed down and they did not meet their forecasts. I like this b/c I believe he's the first CEO who actually is taking responsibility for the disappointment in revenues
    900K in one time cash items that are not reoccuring
    Doug Stovall says he sees a pickup as they go through the 2nd quarter and the fiscal year
    Ivan says 2nd quarter is off to a strong start

    Bad
    End of calendar year breakeven whereas they were saying August for awhile now
    Doug Stovall said a lot of "ums" and seems to be unsure of things. I don't like it when a COO doesn't know how many new customers they got off the top of his head or doesn't seem to know what is going on with his team
    4 fortune 100 brands account for 26% of revenues which means each one did about 350k in the quarter...for fortune 100 brands this is less than a rounding error so it doesn't really speak much when people are giddy over this
    9.5-10 mil quarterly revenue breakeven point

    Ugly
    Already drew 1 mil from LOC. I don't see how they're going to make it without another cash injections from somewhere. They are cutting it perilously close and basically have little margin for error. The cash situation is by far the most worrisome issue.

    As far as the stock tomorrow, I think lots of people were disappointed in the 5.9 mil # so I think we'll sell off over the next few days to the year low range of .27. What is interesting is that volume really picked up this afternoon and drove the price above .4. Question is whether those people were looking for a surprise (hey it has to happen eventually right?) and since they didn't get it they'll sell off for a small loss.

    Anyone wanna bet on the closing price tomorrow?

    And for kicks how about next Friday?

    My guesses are .32 tomorrow and .27 next Friday (i also thought the stock would be .10 in April).

    Sentiment: Sell

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