Lets get back to fundamentals again. The 10Q is o
Post# of 1514
(Total Views: 269)
Posted On: 08/21/2017 8:40:37 PM
Lets get back to fundamentals again. The 10Q is out, and we are edging in the right direction, albeit much slower than the impatient Happy Crowd on IHub would like. I didn't expect Big Red to make any impact, but am disappointed in the slow progress regarding the debt conversion to preferred stock. No doubt that is first and foremost on Gurba's agenda.
One thing of interest: Gurba stated that BTGI will divest itself of all divisions and focus on the transportation industry (and apparently cold storage facilities to compliment the Big Red purchase). The machine and tool division will be sold off by the end of the year, which is fine by me.
We seem to be losing money at the same pace as before, which is not Happy News. It will take another quarter for Big Red to make an impact. Hopefully Gurba will hold back on his purchasing habits a bit in the meantime. We will always be a trader's toy until we can have profit after expenses, and increased debt comes at a price.
I didn't see anything regarding a time line for completing the purchase of the remaining 70% (?) of BT Twiss. That will be the real revenue boost we need, but how long will the shareholders sit by without a boost in the stock price?
One thing of interest: Gurba stated that BTGI will divest itself of all divisions and focus on the transportation industry (and apparently cold storage facilities to compliment the Big Red purchase). The machine and tool division will be sold off by the end of the year, which is fine by me.
We seem to be losing money at the same pace as before, which is not Happy News. It will take another quarter for Big Red to make an impact. Hopefully Gurba will hold back on his purchasing habits a bit in the meantime. We will always be a trader's toy until we can have profit after expenses, and increased debt comes at a price.
I didn't see anything regarding a time line for completing the purchase of the remaining 70% (?) of BT Twiss. That will be the real revenue boost we need, but how long will the shareholders sit by without a boost in the stock price?
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