This Price is a STEAL
This is what I believe from my heart.
The company has done a tremendous amount of hard work in the last 12 to 15 months with a massive restructuring and realignment effort.
They have drastically reduced their debt, operating expenses, salary and wage expenses, SG & A expenses, sold off non-core assets that were not highly profitable. The level of debt now is the lowest since 2013 according to the company and the restructuring and realignment effort has been a huge success with the massive deleveraging of the balance sheet. I expect the company to become cash flow positive because of intensive improvement in the health of a now massively deleveraged balance sheet.
The company has communicated that they intend on renegotiating terms on the convertibles due in October long before the maturity date and they intend on eliminating toxic debt via renegotiation of terms and raising money through conventional traditional loans.
The company has gone through this massive effort because they're committed according to the CEO to becoming cash flow positive and profitable and eventually getting listed back onto the NASDAQ.
The company has stated that while the share price has declined recently because of selling pressure from existing aggressive note holders, that the fundamental underlying business has not been impacted and contracts continue to come in. Historically the second two quarters have always out performed the first two quarters of the calendar year in this business."
The company has introduced cutting edge technology driven recurring revenue based products/services. I expect revenues to be higher in the second half of 2017.
IMO
