Friday, August 04, 2017 8:04:48 AM
As of June 30, 2017 (For six months ended):
Revenue: $12.3M
Gross Profit: 270k
Total Operating Expenses:$1.6M
Net loss: $1.3M
A loser merging into another loser (InfoSonics)!
.......
Lots of dilution coming!
Plus, maybe upto $2M is being spent on the merger! Can't afford to spend such a large amount on the merger, when cash is so precious!
Come Oct 30, a reverse split is likely.
Do your own DD, and decide to buy/sell IFON
Good luck!
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