but silver was 1.5X where it is now. So in theory, it should be higher, but we are at the cusp of break even. Copper is profitable and silver is maybe $1 under. If we mine 10M lbs of copper and make 50c, we are up $5M. If we mine 2M oz of silver and lose $1 we lose $2M, but we are still up overall.
Raymond was 17% customer
WalMart was 16% customer
One customer owes 50% of all receivables. (I don't like that)
Confirms that P&G is China customer
USPS did $900K or more of the $4M
increased share count is 600K due to restricted share grants to new BOD and Norm Ellis
IDSY Europe has been highly profitable ($241K last qtr) and has a sizable amount of money there now (over $3.6M)
93,000 options exercised at an avg of $3.48 raising $323K. Jagid?
72,000 restricted shares forfeited (did the BOD not use them?) avg $4.81
383,000 options expired. avg $6.88
342,000 options forfeited avg $10.28
huh? Just 10 days ago you said:
"I would bet dollars to doughnuts, second thought, I bought a doughnut for $2 yesterday- anyway you get the idea. that the "investor", with whom this whole pump and dump was prior orchestrated, sold short 168,000 shares somewhere above 3.50 the day of "the PR Release" and then used the 1cent warrants grant to cover them- an immediate profit of 100grand. It's illegal of course, but it happens quite a bit. The director leaving at the same time no coincidence. A director to replace him from a mining company in Nevada w a less than stellar record of corporate governance also no coincidence. The Spinel technology, according to Lambert who has more school and papers on the subject than all the CDTI management combined, the amount of rhodium, palladium, platinum in catalytic converters is only about .5% and nothing including zirconium, lead, magnesium will convert NOX3- . Had the company run a profitable business, kept it's neck out of a noose, I would be inclined to take a wait and see approach on a new catalytic converter technology, despite the fact that the best organic chemists and automotive engineers in the world have been working on it fruitlessly for 30 years. But given the company's record, their human resources, and the tendency to overpromise to investors with extra checkbooks when people are chasing "story" stocks, I have a feeling this is not going to work out for retail investors."
except CDTI has been around 2X longer than Tesla, has changed business plans 3X and CEO's 8X, is nearly insolvent, and has a product that only OEM's care about. Other than that, they are exactly the same
FYI - I think they are refreshing the fleet because they can't figure out the value of the fleet. Hertz/Avis are just basically levered, used car companies. Lower value of fleet puts them into insolvency. The sale of 300K+ used cars will push the value of used cars lower and will hurt both Avis/Hertz. So they are selling the fleet and will use actual sales numbers in their restatement rather than a guess
Used car prices set to plummet as Hertz sells over 300K cars in the next few months. Hertz can not get auditors to sign off on the value of their fleet. These rental companies are essentially levered, used car companies.
FYI - SEC has been investigating Hertz since June. It is not a big leap to assume they are looking at Avis as well.
the value of the company is basically the value of their used cars. If the used cars are valued lower than they state, the company is insolvent. I believe they have no way to value their fleet that auditors will sign off on. So essentially they have to sell the fleet and use actual sale figures, not estimates. That is why they are selling off a huge section of their fleet
you would think if the patents were useful, they would license them. Hertz also said it was cutting technology spending. So even their internal rental/car sharing technology will be cut back.
With Hertz announcing they are refreshing their entire fleet and no deal announced with IDSY, one can conclude, they will not be going with IDSY ever. The time to do a deal is in a vehicle refresh cycle.
maybe it should have read:
"Unveiling Unproven, Untested, Possibly Breakthrough Clean Air Technology, That May Be Available Years From Now, If Ever, As Long As Old Man Kanis Doesn't Kick The Bucket And We Are Forced To Declare Bankruptcy"