W/o anything weird, we are set up for a very good couple of months. Q3 sales will hopefully show continued strong growth. Management has said that margins should be back to Q2 levels. Combined, this SHOULD translate into a large net operating profit. The only special, one-time, non-cash charge I expect as of now is a GAIN on the sale of stock to Frost @$10.50. Hopefully they didn't give millions of dollars and/or shares in exchange for canceling the series b preferreds!!
Meanwhile, we're EXPECTING lots of positives:
- continued strings sales growth
- "clean" positive earnings in q3
- launch of Arnold line
- update on Nasdaq uplisting
I presume you meant Series D? From the recently filed S-1 "As of August 19, 2013, 1,355,000 Series D shares have been converted into 2,710,000 shares of the Company’s common stock and 145,000 shares of Series D preferred stock remain outstanding."
There is a bit of restricted stock vesting overhang. Keep in mind Arnold received 780k shares so really need the fundamental financials to be solid and profitable. No more one off adjustments and add backs...