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AGORACOM WIRE - MONDAY MAY 28TH, 2012

SONOMAX completes $3 million equity financing

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Message: 10-Q is out

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Re: 10-Q is out

in response to 10-Q is out by DockingStation
posted on May 15, 09 08:22AM

I'll be doing some detailed reading this weekend. Some oddities I thought. There were no revenues compared for this quarter compared to $500,000 in revenue for the same quarter last year yet this quarter there was a loss of 1 cent per share compared to a loss of 3 cents per share for the comparable period. No revenue, yet a loss of only 1 cent/share.

First impressions... obviously we need to generate revenues and I know that will come. Secondly, I thought Dr. Moro was doing a good job not diluting shares unnecessarily. Relatively speaking, all things considered, I thought he was keeping the total number of outstanding shares in check...

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