Massive dilution, no products, no revenue, corrupt management that cannabalizes the company to pay themselves much more than they're worth ... what's not to hate about this company? Right gerloser?
Sentiment: Strong Sell
Aussie the bad chart guesser is at it again! You said we'd be at 80 cents by now! Whoops! And the breakeven is 1.45, not 1.65. "Carry on." ROTFLMAO
All you do is ask FUD questions and resort to name calling. NOTHING ADDED. NOTHING ELSE. Read the #$%$ earnings call transcript and see for yourself.
FNSR, a Lightpath customer, blew away earnings and outlook last night. Stocks of other companies in the optical sector (several of which are Lightpath customers) are up sharply in sympathy this morning.
"Carry on." ROTFLMAO.
"Equity incentive plan" - what are they "incentivized" to do? Rob shareholders blind? Unbelievable. These parasites deserve jail time, not second homes.
The only thing not dropping like a rock is the amount they paid themselves. They spend $1.3 million on "administrative expenses" to produce $287K in gross profit. Well done, Honig! Time for another bonus!
Net Revenues. Net revenues for the three months ended April 30, 2016 decreased 76% to approximately $412,000 from $1.7 million in the comparable quarter last year.
Gross Profit. Gross profit for the three months ended April 30, 2016 decreased 64% to approximately $287,000 compared to a gross profit of approximately $797,000 in the same period last year.
General and Administrative Expenses. For the three month period ended April 30, 2016, general and administrative expenses increased slightly to approximately $1.3 million compared to $1.3 million for the three months ended April 30, 2015.
As of April 30, 2016, our cash and cash equivalents balance was $7.3 million and our working capital was approximately $6.1 million, compared to cash and equivalents of $17.1 million and working capital of $15.6 million at October 31, 2015.
Sentiment: Strong Sell
One of a motely assortment of old weirdos on the board that has nothing to offer but bad predictions and zero substance. His claim to fame is the sissified nicknames he comes up with.
Another failed stab at humor from the LightPath "decade stalker," aka the "carry on" man. I think you were either fired from LightPath or lost your shirt on it. Just a guess. "carry on."
This is going to be a multi-year initiative feeding business to key LPTH customers.
NY Times -June 3, 2016
This week, an online report published in China Daily, a state-run, English-language newspaper, said that China, the world’s second-largest economy, ranked an abysmal 91st in the world in internet speed, with the average broadband connection scored at a mere 9.46 megabits per second, or Mbps. There are nearly 200 countries in the world.
The report ranked the top five countries in internet speed as South Korea, Sweden, Norway, Japan and the Netherlands. The average broadband speed in South Korea was reported as 26.7 Mbps. In Sweden, it was 19.1 Mbps.
The data was part of a broader report that was aimed at boasting of China’s internet connectivity, under the title “Evolution of the Internet in China.” The report listed as its sources the China Internet Network Information Center, an agency under the Ministry of Industry and Information Technology; the website of People’s Daily, the Communist Party newspaper; the Broadband Development Alliance, a research group; and Akamai Technologies, a content delivery network and cloud services provider based in Cambridge, Mass.
The report promoted the fact that China now has 688 million people online, about half the population; that it added 40 million new internet users in 2015; and that 90 percent of users can get online via their mobile phones.