My main concern is seeing that the company may hav
Post# of 9964
Posted On: 10/22/2014 9:04:42 AM
My main concern is seeing that the company may have to cease, if sales do not pick up. At the same time they said they entered 2 agreements of a year toward the end of June, which were paid partially at the start of July and this shows that they have expanded some, but these will go on next quarter's financials. I am guessing Costco and Brazil. Brazil was supposed to be a five year contract. Maybe they are just getting paid differently. This definitely shows that they have expanded some and I like how it will all go on next quarter.
At the same time, the preferred shares scare me. What is their convertibility? One to one common, or one to ten common? Next quarter is make or break, but we know at least $250,000 dollars will appear on the next financials, which already looks better than anything on last year, so I think they created most debts to get the product out. Now is time for them to move.
Anyone please correct me if I read or understood something wrong, but it looks like the fun began on July, 3rd, and the 8th This alone will make the next financials smoke this one.
At the same time, the preferred shares scare me. What is their convertibility? One to one common, or one to ten common? Next quarter is make or break, but we know at least $250,000 dollars will appear on the next financials, which already looks better than anything on last year, so I think they created most debts to get the product out. Now is time for them to move.
Anyone please correct me if I read or understood something wrong, but it looks like the fun began on July, 3rd, and the 8th This alone will make the next financials smoke this one.
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