Personally I would rather see 40 million shares worth of buyers all trying to get into the stock at the same time.
They said they were doing it after market close on 9/30 and did it today at noon!!! ROTFLMAO. That 4th quarter was a disaster losing 3 million and doing less than 1 million in revenue when they should have shipped and commissioned almost 3 million. Backlog was "5 million" at end of 4th quarter and they said they were shipping 2.5 to 3 million this quarter to be recognized so their backlog is 2.5 million.
This is a trash deal and very expensive. Guarantee they were out of cash and probably borrowed some to stay afloat so they definitely don't have 3 million in cash right now. Guarantee this is going below .15, especially with that clown earnings release early.
Their printer DID IT!!! LMAO. That's the 3rd grade #$%$ of the "DOG ATE MY HOMEWORK". They don't take accountability for anything and we expect them to run this to the promise land ~~~ So glad I'm out of this junk.
they are done. Clearly there is no strategic partner funding operations as many had hoped or they would not have raised 3 million at those terms. Just gives executives another 3 months to collect a paycheck. Any person of sane mind reading this would realize what is about to happen.
I disagree, they did this type of loan before and the insiders made a ton off of it. Did they put 500k in b/c nobody else would? Me thinks so.
I realize that, don't have the time to watch it and just looking at high risk stuff like moving from ZBB to ERB.
If the company was worth squat the SEC would be all over this like flies on pig poo. I would guess you would see class action lawsuits as well. Insiders covered their aces in a BK so they still make money off their investment.
Oops, we left something off.
What's going to change in two months when this money is gone. Actually, most people on this board thought some offshore partner was funding the company and now we know that is not taking place where does more money come from. Going to be a laugher listening to Eric try and spin this positively with his hypster talk.
They only had 5 million shares available to sell to aspire which was 1 million dollars. Wanna take a bet on whether or not they used those already during the last quarter.
I have spoken with Eric, Dan and almost all institutional investors including marathon multiple times. In fact I had a direct line. I would never get on a conf call and potentially embarrass someone in a public forum when i could speak privately...just not my style and frankly i dont care enough about the company anymore as they have said everything they need to with their actions.
I didn't even listen to it Jeff. I read the transcript from seeking Alpha. Seemed quite clear in reading it that Eric is defeated. Perhaps his voice inflections made it very different than just reading it. I've got a lot going on right now, but I'll shoot you an email later this week, perhaps tomorrow and we can touch base.