Posted On: 06/09/2016 12:52:36 PM
Post# of 22940
I think the problem is that we all want YTD revenues reported/estimated, and we won't see that in this 10-Q. We'll see revenues through April 30, 2016. We may get hints of things that have been occurring since that date (projections, etc.), but nothing concrete, unfortunately. I expect to see the approximately $109,000 in revenues, with another large net operating loss. As it stands at the moment (which could change quickly -- and I hope it does!!!), I'm not expecting significant revenues until the 10-Q for period ending April 30, 2017, assuming the SLAs proceed as planned. Even if we sign a contract today to produce $10M worth of bearings, we would not see that revenue in a 10-Q until after the bearings are delivered, payment is made, and then reported -- likely in September at the earliest. Sounds gloomy, and many of us bank on just what we can verify in filings, but I think the majority of us are here for the POTENTIAL of this company...one or more years down the road. Good luck to us all.
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