Only trouble as I see it is there seems little chance that the Q has the cash resources to make it to the point in 2017 where payment for an order appears in the mailbox. No indication given that the cash bleeding is going to stop at any point in the near future. They have enough to make it to the end of the year, barely.
Prepay is extremely unlikely and even under a circumstance where the Q ships in 1Q 2017 they don't get paid until 2Q. Given the experience with CODA nobody will be buying the receivable and while it might be collateral for a pay-day loan, it would seem much more likely that they issue equity instead.
Unless they squeeze out one more news I picked the PR number! So happy.
Still not too late to play!
I miss Drink. Remember the drive-bys he used to do? It felt helpful to have eyes on the ground. Youngman left so long ago but his Coors Light will be remembered forever. This coming from a Red Stripe kind of guy. I think I bought my first Q in the late 1990s and traded it for mostly gains. In the end when I got out I think I probably broke even. It felt like trouble when French left. And when Eric returned my LinkedIn look at him with a look at me I sold. What CEO has time to be checking out random LinkedIn stalkers?
I still pull for the Q. Just from the sidelines for now. I'm bleeding too badly everywhere else to want to throw my Hail Mary here. And I am very curious to see what Thursday will bring.
There is always something to talk about. Hope can spring eternal. We used to be such a chatty bunch.
I'm thinking that this call is the beginning of a critically important quarter. If the call isn't solid and at least a few product deliveries or orders for a quantifiable volume from a known reputable end user over the succeeding three months don't materialize it's going to be hard to stay in compliance with exchange listing requirements.
I still pull for the Q even if some folks have suggested I don't. I do. And I'd like to play again.
Only eight days to go. I don't think I'm going to win the press release metric category. Still plenty of time for the other stalwarts to jump into the game!
Thanks for playing!
The Q was the only green thing on my list today. Holding its own as the rest of the world collapses around it.
I want to play a game. 3Q report predictions anyone?
1. Revenue - same as 2Q - 1.7M
2. Net - (0.04)
3. Number of PR between now and announcement - 2 (not including end of Q filing/CC announcements)
4. Update on China - Anticipate first production order 3Q 2017
Buffet didn't get rich buying lottery tickets like this, either. Not hatin. I just bought more of these tickets today. The only buffet I've ever gotten close to is the one at Cesar's.
Great thing about the American legal system is that there's no cost to the filing entity if their claim is found to be without merit other than their own fees. Even getting to summary judgement is often more expensive than the settlement. American jurisprudence = extortion across the board.
Trading around a core position isn't a bad way to go. Add low, trim high.
My problem is that I get too greedy and do too little trimming.
They heard me! :o)
Decent news and down we go. 2016 is going to be a rocky year across the board.
End of 3Q they forecast Phase II CLEAR results end of 2015 or early January. Would be nice if they actually gave the community a little peep as to when they'd actually be back in touch. No wonder we're down every day.