Tuesday, August 19, 2014 5:55:35 PM
May 2013: pps prediction of .80 with then current price of .39
Risks included:
"highly dependent on CEO and founder Ryan Schadel"
"is under capitalized"
"could expand too rapidly"
See the 2013 report here.
May 2014: pps prediction of .80 with then current price of .18
None of the risks are mentioned from the first report, yet all the factors remain the same with a significantly lower pps, rapidly increasing convertible debt, delinquent payroll taxes, and fewer board members.
Curiously, despite the declining health of the company Zacks now says the prediction of .80 pps is supported by the company's "plans to emphasize growth through opportunistic acquisitions".
That is, $20-40 million worth of acquisitions from:
nonexistent traditional credit
nonexistent institutional investors
nonexistent earnings
comparatively nonexistent cash
unproven growth in almost 60% of the company
See the 2014 report here.
Yeah...maybe we should be discussing what happened to that .80 pps prediction from over a year ago vs. the current pps that is less than half YOY before trying to convince people that we should see .80 any time at all going forward with millions of shares converted and millions more on the line.
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