I seem to recall some fool posting endless streams of "Spreebird is doing well" messages ... can't remember who that was though.
With this kind of logic, LOCM only needs to sell one potato ... I'm not sure how they continue to pay Fred's salary though (with French Fries maybe).
I found this intriguing as YHOO and GOOG's percentage of sales hadn't really changed all that much.
Seems to indicate a disproportionate payment behavior with remaining customers.
Is LOCM losing their business?
At the end of Q3, 2013 Yahoo and Google comprised 69% of the receivables balance (AR was $14.9M)
At the end to Q3, 2014 Yahoo and Google comprised only 48% of the receivables balance (AR was $8.1M)
Simple math tells me GOOG and YHOO dropped from about $10.2M to under $4M of the AR balance ... that's a 60% decline YoY.
Well, good luck with that ... if the $100M was anywhere near being true, someone would have bought them long ago.
Once again, you're hanging your hat on management estimates ... estimates which continuously prove misleading.
It clear, though, you are hoping for this as a kind of bailout ... you must agree they are doomed otherwise.
This is not atypical for a shrinking company ... the reverse will be true if they ever hope to grow.
Obviously, they will need working capital to fuel any growth prospects.
Without financing, the company will either choose to continue their down spiral in growth, or elect to go bankrupt. I don't see any other alternative (apart from a white knight coming in to buy them ... even if that were true, it wouldn't come with a premium).
which suggests lower borrowing capacity.
Not good, when your opening trade payables are already 85% of your entire sales in Q4.
Also, keep in mind, LOCM did a round of restructuring during Q4 ... this will take a bite out of the cash account as well.
Doesn't add up for me ... I think, without financing, the company is dead.
Does anyone believe such guidance in the first place?
LOCM has a poor track record for meeting their numbers.
Quite right, LOCM is basically bankrupt ... no argument.
Only idiots continue an attempt to justify the viability of this company.
With all this opportunity, it seems strange the insiders wouldn't be buying?
Unless of course ...
They won't be around long enough to find out if true ... besides, why would anyone with half a brain believe any of their estimates anyway?
Nope, the BIG question is, who gives a #$%$?
The company is dead, over, done, chapter 7.
They won't be around long enough to receive their delisting notice from Nasdaq.
Can't believe there isn't a downgrade.
He's not down ... he's an insider or employee who has been taking everyone for a ride for 5 years.
I don't think it is a coincidence, after posting regularly every day for 5 years, he all of a sudden stops four days before a bomb is released like the one in today's PR.
I'd say he found out on Thursday.
I would also say, he doesn't own any shares at all ... probably never did.