Thursday, July 10, 2008 8:43:28 AM
Why buy this stock?
10Q.. convertible notes payable of $7,246,861... and clock is ticking to 2010...
SG&A are way too high! $2 million first 6 months! WOW... At this rate $4 mil/yr... all those options!!!Near a $1 mill/yr is salary!
This company will fail shareholders unless Revenues reach what I calculate.... maybe take out options... If ops exp stay as is... and normal about 20 - 25%... Revenues are going to need to top $6 million....
This is very bad too... We expect to continue to incur slotting fees in the future and therefore net sales will be substantially less than gross sales.
I predict PPS will drop to a penny or so...
Wonder if Skinner signed person guarantee against his home.. and other assets?
Scalp if you can only IMO
10Q.. convertible notes payable of $7,246,861... and clock is ticking to 2010...
SG&A are way too high! $2 million first 6 months! WOW... At this rate $4 mil/yr... all those options!!!Near a $1 mill/yr is salary!
This company will fail shareholders unless Revenues reach what I calculate.... maybe take out options... If ops exp stay as is... and normal about 20 - 25%... Revenues are going to need to top $6 million....
This is very bad too... We expect to continue to incur slotting fees in the future and therefore net sales will be substantially less than gross sales.
I predict PPS will drop to a penny or so...
Wonder if Skinner signed person guarantee against his home.. and other assets?
Scalp if you can only IMO
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