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Re: Cloner2 post# 5128

Sunday, 11/13/2016 2:17:42 AM

Sunday, November 13, 2016 2:17:42 AM

Post# of 5675
I hope you do well. Its quite possible you're correct but technically and fundamentally I see weakness. The negatives for me in the Q are as follows:

year over year the equity of the company has dropped ~ $1.4 million or nearly 33%

YOY share dilution of nearly 10 million shares or around 11%

YOY cash down about 30%

YOY sales are up ~ 19% but losses have over doubled.

YOY book value of company has dropped from ~.068 per share to ~.035

So the way I view it the company today is worth half as much as it was a year ago and has over twice the amount of losses.

The company currently has roughly $1.3 million in cash and the the Q shows that last quarter the company LOST over 1.6 million

I'm talking pure math and number here. With this cash burn rate the company will be forced to seek further financing on the hopes of its product being successful... which to date they have managed... but more $$ = more share dilution.

Additionally it didn't hold over 47 cents which I view as critical so I speculate that market forces and gravity will take it down to a new base with high volume of consolidation before any major breakthrough takes place.

Anyway, that's my take. I've certainly been wrong over the years. I'm out for now... so all I can do is watch how it plays out from the sidelines.

Lazarus Who --- bidding you all farewell.

ps...do yourselves a favor and read the quarterly filings and keep an eye on their competitor - VTESSE.




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