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Wednesday, May 17, 2017 9:32:29 AM
All I know is it was showing up as a liability. It no longer is. Shares were purchased and retired to treasury and we no longer have to worry about those RSU's ending up being part of the O/S.
If not for these expenses they would have generated over 800K in cash flow this q instead of having negative cash flow.
This FD debacle is now behind us and future results won't include these charges. That is what should be looked at.
Even with no growth future annual cash flows should be about 5 mil per year. Meaning in 3 years they will generate more cash flow than the current market cap. That makes this extremely cheap especially when you consider we are going to get growth.
That is how I see it anyway.
Otcbargains Undervalued Penny Plays
http://investorshub.advfn.com/Otcbargains-Undervalued-Penny-Plays-23198/
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