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flying_trader

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flying_trader

Re: None

Thursday, 12/29/2016 10:27:41 PM

Thursday, December 29, 2016 10:27:41 PM

Post# of 758
Tommy & Royallen...agree with both..

Tommy I agree that they have cut costs (way too little way too late) and their technology seems to be in demand but have to agree with Royallen in that they have a very rough road ahead if they don;t turn cash flow positive in next quarter or two at the most.. if they have to do another equity raise we will be diluted 50% for sure... maybe more...

What they really need is a white knight...someone with the capital to properly launch the new products and grow the business while triming overheads starting with the CEO's salary...

I am keeping about 20k shares but I really don't expect to see anything from them... I had a buyout in my portfolio this year so I needed the tax write off.. I don't think I will have any trouble buying those shares back much lower in 60 days if I want them back...

Cheers
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