not sure that they will be able to book all of the $7 million as revenue...my guess is that a good chunk of that will be a deferred revenue liability. However, it IS still cash, and could be used to pay down the loan even more.
I expect core loss to be a bit higher than that -- $11-13 million. I am hoping that this is a "kitchen sink" quarter, get all the #$%$ out of the way, clear the decks for the rest of the year.
leap of faith? the Annual Meeting is scheduled and the invitations have been sent, I don't think that they will backtrack.
I am not surprised by the extension, but I agree that it should have been address before the deadline expired. I think it was overly optimistic to expect that they could have caught up on 2014 by the end of February, and only a month later have all of 2015 complete and filed.
My sincere hope is that April 20th has a lot of breathing room in it, and that in actuality the company files before that date. And honestly, I don't really care if the bottom line numbers for 2015 look bad; if we strip away all of the one-time costs, I believe that we will see a healthy underlying business.
I am also looking forward to an update on the spinout.
Could be many things...maybe they filled all of the positions (perhaps there was a hiring freeze during this debacle, but the freeze is lifted as of today with the impending release of up-to-date financials)...or perhaps a sale will be announced...
Sentiment: Strong Buy
What?!? Of all of the things that you could've pointed to as indicators of future bankruptcy, you chose the impairment charge...which is a non-cash expense that has NO impact on the company's fundamental operations.
Yes, a bankruptcy is a possibility (though I think it is a slim possibility), but not because of an impairment charge.
From the press release: "In accordance with the Company's Bylaws, stockholder proposals for the nomination of persons for the election of directors or other business to be conducted at the meeting must be received in writing not later than the close of business on March 28, 2016. Proposals should be submitted to the Company, Attention Secretary, at 9135 S. Ridgeline Blvd, Ste. 200, Highlands Ranch, CO 80129."
Maybe we should nominate synfuels for the board of directors?