Pretty nice review. What is a key comment in my opinion is the fact that they just announced financing for their business model. Of all the questions from posters and investors regarding why so little revenues and why a lack of production for the first quarter, and before, perhaps this one comment is most important. As we all know, it takes money to make money. Hhmmmm. Seems like I learned that from my Dad way back there somewhere. So, the real picture for the company can now start to fully materialize with capital coming into place that the company will need to fund inventory supply, cover production time, and invoicing and subsequent receipts. My guess is that this second quarter will show some revenues from China as well as the states, but the real money will be rolling in the third quarter, and even more into the fourth quarter. Evidently the recession that started third quarter last year probably caused delays in securing the needed funds. Now that part is working, the only thing left is for sales to start the registers ringing. Ca..ching, ca..ching.
The most glaring and positive comment was that the company now expects to hit $20M in revenue over the remainder of '09. That's a nice pop from here. Better get'cha some shares before they roll outta sight.
Loading...
Loading...