another lie. They didn't bring in a new CEO. No one would even take the job so they "promoted" some internal shmoe who didn't even get a raise.
can't you at least put the true numbers? Anyone can take 3 seconds to verify your lies
$6.67M inventory - you were only off by $2M
$14.2M AP - not sure where you are getting your numbers
$3.43M short term debt
$6M long term debt
insolvent. GOING CONCERN
$25 would give this a PE of 30. Not unreasonable, but a little high. When 10% of the shares are shorted, I think you have your answer why.
another thing, just two months ago you were on my side telling me I was doing great DD. So were you lying then, or now? Nothing has changed in two months other than the company lost more money in another quarter and is now moving in another direction again.
so apparently you are right, the market is wrong, the auditors are wrong, the CEO who quit was wrong, the CFO who quit was wrong, and everyone else with an opinion on the POS is wrong
ask yourself these questions.
Why do institutions only own 4% of the company stock?
Why hasn't Honda signed on for ALL their vehicles?
Why hasn't GM signed on for ANY vehicle? Why did the CEO and CFO just quit?
Why are all the BOD these old guys?
Why has the company gone nowhere for years?
Why has it NEVER made a profit even once?
Why is not forecast to make a profit in the future?
How will they fund operations after this year when they run out of cash again?
How many more shares will they have to sell in order to fund operations through next year?
the auditors believed they have a GOING CONCERN. Their AP and short term debt exceeded their cash on hand. They are technically insolvent and could be forced into BK should a creditor choose to do so.
it increased due to prepaying the leased building they abandoned. Can you say it with me....GOING CONCERN causes suppliers to demand pre-payment
also keep in mind that Friday is dividend reinvest day. Typically, the shares are bought 1-2 days prior by the houses and that pushes up the stock a little bit.
I disclosed even before the Russell Index thing that I would trade out within one week. I was strictly trying to get in before a PR and hoped that the PR would pump it. I even said such.
I also surmised earlier in the year BEFORE the auditor gave the GOING CONCERN that there would indeed be a GOING CONCERN. So I had previously covered this in another thread months before.
you and billy have no idea what you are talking abut with the warrants and their revaluation.
Deluded shares? HAHAHAHAHAHAHAHA!!! dummy. Try DILUTED
this company is a SCAM. billy is a SCAM artist. When spanspur claimed in Q1 there would be a profit I got on his case too. He never admitted what he was trying to do.
DD? Profitable? You would follow some guy around who made such an absurd claim?
with expected good earnings in two days, no big deal. It will recover. This current quarter is at record results as well so far.