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Quarter over Quarter, the only way to increase rev is decreasing "Cost of revenue" .
Three months ended
March 31,Testing services $ 745,426
Three months ended June 30,
Testing services $767,873
With the decline in Consulting, the equipment better be approved and ready to work soon.
Thanks. Sorry to hear about your friends. Hopefully they hold and get rewards.
Thanks
Is this a mandate from the government or a restriction for the company?
Same here. I also missed it, so will keep an eye out.
Yes previous posts mention that it will be in written and audio forms.
Any update on when the testing equipment would be ready to reduce operational cost?
Any feedback on the call ? Good/Bad/so-so ? I missed it so will have to wait for recording.
Awfully quiet in here this morning.
Thank you.
Sorry i should have been more clearer, by testing, I meant the expense of equipment for which we are waiting on certification.
Any one can help me calculate the fair pps based on last Q report. Or provide steps, sorry noob here.
Also would the fair pps be higher if the testing operational expense was not there ?
Thanks
Do we have a time frame when the pesticide testing equipment would be ready by?
The range is 100 to 250. So it wont go below 100.
Dont know what you smoking, but mary already reported on machines before me.
Arent iHub users also share holders? Last i checked a share holder is a share holder, no matter which forum they go to.
Sorry, what is insider info that was mentioned in the response ?
Ty. Yes i did use my real name and email. Just pathetic how some one would think it is fake.
Thanks for the update. Certainly hopeful that good news is released soon. However I am realistic to not expect anything till end of summer. Please help me understand what you mean by "Shares are definitely locked"
I was able to place the order this morning and the order filled right away.
Thanks
the response is in-line and in Italics.
Hi William,
Hope you are doing well. Firstly I would say a big kudos on the great success that sGBY has had so far. Wishing you all the best to execute all your plans for the future.
I am by no means a big investor, however I was hoping to have a couple of questions answered regarding the future of SGBY:
Do we have a time frame when the pesticide testing equipment would be ready by? Equipment has passed all internal standards, methods have been developed and accreditation paperwork has been submitted to ORELAP. We are pushing them to approve the accreditation so we may perform our tests in house asap. Realistically 30 -45 days is what we have been told.
Say a year from now, where/what value do you anticipate SGBY to be trading at (assuming a 1-100 RS): I would say the 1:100 RS is realistic. I can not speculate on future prices. As a significant shareholder I am working to maximize shareholder value for all.
Would you start putting out revenue forecasts in the near future ? We will have our revenue results reported shortly. Forecasting is a little difficult, because this is still a new industry and legislators and state program administrators are still moving dates around. I have provided market estimates in prior press releases, if we can replicate market penetration that we have achieved in Oregon in those other states, the future revenues for SGBY will be significant.
Would you have the company showing positive cash outflow before pursuing RS? Not likely, as you now, we are in a significant expansion phase for the next 18-24 months, especially in California. As such, the expansion will require significant capital to grow eating into our cash flow and require supplemental financing. That is one of the primary reasons for the reverse stock split, is that we can raise additional capital via equity investment that minimizes effective dilution for all. I don’t like dilution like the next shareholder, however if we can raise capital, invest appropriately, the next effect will increase longer term shareholder value.
My concern with RS is the timing. I am a bit nervous that the RS does not hurt the existing share holders ( i know that the management will be one of us as well). ** We are right there with you. Thank you for acknowledging. The entire management team has work endlessly to get this far and we know we have only run half the marathon.
Volumne has been awfully less. There looks like only 1 trade for the day.
Wonder when the news will drop .. waiting..
was that a 200k trade?
ok thanks. Will keep trying.
Any one else seeing the same thing?
Trying to place an order for onci and questrade rejected the order with the message that trade has been ceased. Could be name change or impending announcement. Dont know why.
Questrade
Cease trade order in effect.
Thanks for sharing. Could you also ask him when does he expect the machines to be operational. If not please share his email and I will email him.
Do you think splif is in that better managed company list ?
range is 100 - 250. General concensus is that it wwill be 100 to 1
same here. I am hoping this will be a big return when the phase3 is out. Holding til next year.
What do you expect the pps to go to ? i got in at about .20 and have been here since. Not a big investor, just a very very small fish ;)
There dont seem to be any trades, are there no stocks to buy ?