Thursday, August 17, 2017 11:12:34 PM
I always reviewed your winner stock that is all hype and so overvalued you should have some water on the side to cool it down.
the stock down because most don't understand how the warrants affect the balance sheet and income statement.
the div was a hit
1 million was also a line item because of the warrants so that led to a .12 loss when in the company broke even.
Then the warrants are treated as a liability of $4 million so that shaved the equity down from a real bk of $1.25 to .75
This accounting rules that pertain to this stock.
I contacted management concerning this and some was explained in the presser but i think that they could have done a better job.
With out 8 million shares outstanding and a backlog of $17 and only a market cap of $7.2 million and a real book of $1.25 and a div of still .06 for the next 3 quarters, insider buying, military spend increasing, the ridding of Longview and also ther retire of some 700k shares of common.
Is this story really that bad. Of course fire starter just continues to sing her tune of distress and assumes she or he or it is a swinger or a swing trader.
snakes alive
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