N A S D A Q ---> WARNING
Notice Of Delisting
The First 180 Calendar Day Warning Expired Last Saturday, June 10th. Which Means They Received The Second And Final 180 Calendar Day Warning From NASDAQ This Past Mon, June 12th. They Now Have Up To Four Business Days To Inform The Public.
They Will Either Hide The NASDAQ Warning Somewhere Deep Inside Their 4th Quarter Report Today (In Which Results Have Already Been Disclosed). Or, They Will Release A Separate 8-K This Friday, After The Market Closes.
NYC Marcum MicroCap Conference
The Company Managed To Weasel Their Way Into This One. It Will Be Their Last Chance In The Continuing Search To Try And Convince "Anybody" To Hand Over Some Major Cash, Through Another Round Of Toxic Dilutive Equity Financing.
There Is No Way That They Can Ever Make Enough Money On Their Own. So They Need To Go Fishing, In Hopes To Siphon From Unsuspecting Investors, That Aren't Yet Privy To Their Evil Ways.
They Are Going To Try And Lay Out That Phony "Three-Pronged Story", About What It Takes To Become Profitable. But They Will Also Make Sure To Conveniently Leave Out The Part Which Discloses The Fact That This "Three-Pronged Theory" Is Also An Absolute . . .
I M P O S S I B I L I T Y !!!
All They Need Is For One Stupid Sucker To Be In That Audience. But Unfortunately For Them, They Are Running Out Of Stupid Suckers.
A Little History About These People
They Cleverly Shifted A Bunch Of Orders Around, To Make Their 4th Quarter Falsely Appear Like A Turn-Around Was In Progress. It Is This Continuation Of Similar Repetitive Games That They Have Played In The Past Over And Over Again, To Get What They Have Needed, To The Detriment Of Others.
The 4th Quarter Was Already Disclosed As Being Just Under $22M. But What They Fail To Tell You, Is That The 1st Quarter That They Are In Right Now Is Only Running Somewhere Between $8M And $14M. Those Results Will Be Released In Early August. And Future Quarters After That Show A Flattening-Out, Which Are Then Leading Into Further Decreasing Revenues.
This Last Fiscal Year Will Show About $76M In Total Revenues. The Fiscal Year They Are In Right Now Predicts Less Than $60M. They Need $120M In Total Revenues To Reach EBITDA Break-Even. And That's Only If They Can Maintain A High Gross Margin, Plus Others Factors. And That Means "A COMBINED TOTAL" Gross Margin, Averaging 23% .
This Is Their Game Plan. The Same Trick They Pull Every Year Or So. By Tricking Investors To Set Up Needed Dilutive Equity Financing. This Is How Those Losers Guarantee Their Own Salaries, While Stretching Out Their Own Existence For As Long As Possible.
And Then, As Always . . . W H A M ! ! !
They Hit You Over The Head With A 2X4 !
JMO
