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That's the way I've looked at it since last fall. Now there will even be more excitement.
What we won't ever hear of in a news release is why Rheingold isn't being sold in XYZ state. That will be known as the "Cabo effect".
I expect that to become an often used phrase around here.
Tonight there were no cold Rheingolds in the refrigerator. I ran out over the holiday w/e.
So I grabbed a locally brewed "Hooker" Pale Ale.
It's tough not to like a good hooker
I'm so beat up it doesn't matter. It's not worth trading them for something else while there's still a possibility for a DKAM miracle (in my dreams).
I missed out on a huge move with the company that had me so mad more than a year ago. I was screaming management was crooked and they ended up having a giant move. Management has since been indicted. I sold long before the bottom, but it's still 6 times higher than when I sold.
At DKAM, I don't think management is crooked, just immoral. They still may accidentally hit a home run. Rheingold might suddenly become a hit through no consequence of their own actions.
I remember all you mentioned.
Dare I say, I'm still long and hoping for "tomorrow".
I see we're back to $5,000 trading days ... ooooh can you feel the excitement?
I've got to go open a Rheingold.
1 end user sale per quarter per demo unit in my opinion would be a very nice 18 month benchmark to reach. It would be a great accomplishment.
Presently, end-user sales are only running at a rate that's little more than 1 sale per year per demo unit.
My analogy of those two statements is "that's the difference between 3 and out with a punt and scoring a touchdown".
To reach 50 sales per quarter per demo unit, demo units need to be nearly doubled (28 presently) by a combination of adding new distributors (reach) or existing distributors adding more demo units (frequency of potential demonstrations per distributor).
I don't care about the number of demonstrations because I don't have the knowledge of the complexity that constitutes a "complete demo", nor do I know how many potential buyers there are in each distributor territory.
When the 10Q comes out we'll have a better idea where the revenues came from. Using guesstimates from last winter, I can only assume 3D revenues were approximately $1,300,000. (About 60K per dist unit / about $100K per end user unit). Maybe the units go for more money?
Should they reach 50 end user unit sales per quarter, that's about $20,000,000 in annual 3D sales.
At that rate VKNG will be transforming itself. But plenty needs to get done between now and then.
In my opinion VKNG is a good speculative buy for newbies because VKNG is gaining some traction in the field. We have some very good measuring benchmarks.
However, based on the level of interest people have shown, I think we'll be able to see some measurable growth, long before the stock price starts to steadily climb.
I agree, "realtionships with emerging robotic system providers" may turn into a big revenue generator, but it's really an unknown right now.
What I am most encouraged with is "18 customer system sales" in 7 months.
It's not unreasonable to think the following might be true since the "typical capital equipment sales cycle is six to nine months":
1) Some of VKNG's unit sales took less than 6 months.
2) Every existing distributor has in their own "sales pipeline" future buyers of at least 1 system.
3) At least 35 end user sales will happen by the end of the 4th quarter.
4) Some existing distributors will already be on pace to sell more than 1 unit per year.
5) Satisfied customers become a company's best sales people. Their testimonials are like gold.
6) As the number of satisfied doctors increase, the more likely it will be that they "want in" on the next "big thing"; that would be the stock.
7) The beauty of VKNG to those docs Vs buying into a speculative pharma company is that once they are satisfied with the product, speculation ceases in their mind.
8) 18 months from now there will be at least 70 operational units outside of the USA. The domestic market has to add significantly to that number once sales start.
For the time being I have no idea why domestic sales have not started? But, I bet the Clinton Group does know, and that makes me feel good.
Second Quarter 2011 over the second quarter 2010 comparisons are not relevent right now. During the 2010 second quarter, VKNG was not selling what we're banking on them selling now.
Left unclear is whether the 8 new demonstration systems increased ANY reach into new markets with new distributors, or if existing distributors bought ALL of the new demo systems because their sales pipeline cannot be satisfied with their single demo unit.
Personally, I would prefer more global reach. Though the latter is good too. The bad part of existing distributors buying more demo units is if they are also selling demo units "used" like "floor models" at a car dealer or an electronics store. That doesn't help VKNG's profit margin.
What we need:
Confidence that the distributors can sell 1 unit per quarter per demo unit. At a point in time not long before then, VKNG is going to turn into a great "buy" on some micro-cap analyst's radar screens.
When we know the distributors are selling 1 unit per quarter per demo unit, that's when VKNG will "already" be a "safe buy" and cheap shares will be a thing of the past.
During the quarter, Viking sold 16 of its recently-released 3DHD Vision Systems. Of the 16 3DHD systems, 8 were sold to customers and 8 were sold to distributors as demonstration systems. ... the typical capital equipment sales cycle is six to nine months, ... we have sold 18 end-user systems during the first seven months since product release ... In order to keep up with demonstration demands, distributors are purchasing additional demo systems. We now have 28 demo systems deployed worldwide and expect this trend to continue as we expand our distribution footprint."
Viking Systems also reported that as of June 30, 2011 it had shipped a cumulative total of 50 3DHD systems, 28 demonstration units, 18 customer systems, two "Center of Excellence" systems for which there was no charge, and two market development systems to third parties, since initial shipments of the 3DHD systems began in December 2010.
I'm glad you have the confidence, and hope you're right.
Everything is moving along just great. But, I won't be buying back in until after the R/S. That announcement just sucked the wind out of CUGI for me.
I hope they are right where others were only hopeful and wrong.
Invest in people, not ideas.
Schroepfer and Fuentes were two of the people pumpers were banking on, and continuously denied any wrong-doing by either of them.
It doesn't appear they were right. It also appears Schroepfer and Fuentes are repeat offenders.
Now that they are gone, are the remaining SFIO people squeaky clean? I think they are all tainted, and SFIO is near the end of the road. What do you think?
Smoke-free cigarette maker's chief executive resigns post
Thomas Schroepfer stepped down Friday as chief executive officer of SmokeFree Innotec Inc. less than 24 hours after he and his Las Vegas company that markets smoke-free cigarettes were charged with securities fraud.
"He is looking for an expedited resolution to the matter," said Jeffrey Cox, a partner in the Boca Raton, Fla., law firm Sallah & Cox, who represents Schroepfer.
On Thursday in Florida, the Securities and Exchange Commission sued Thomas Schroepfer, aka Thomas Schroepfer Baetsen, of Las Vegas, president and CEO of SmokeFree Innotec.
The indictment accuses Schroepfer, SmokeFree Innotec, and a stock promoter, Charles Fuentes, of Dana Point, Calif., of engaging "in a fraudulent scheme involving the stock of SmokeFree involving illicit kickbacks and phony agreements."
The U.S. Attorney's Office in Miami on Thursday separately charged Schroepfer, 54, and Fuentes, 66, with one count of conspiracy to commit securities fraud in a "scheme to defraud the investing public by engaging in deceptive and manipulative trading practices in connection with SmokeFree Innotec stock."
I'm starting to hear that sucking sound that's like a shoe stuck in mud ... back to the .001's here we come.
Thanks, I never knew share holder count worked that way. For an industry that is so heavily regulated, it seems deceptively confusing to allow the practice to work that way? Then it's a worthless piece of data, right?
If "yes", then I wonder why the SEC requires the info to be released, and why places like www.otcmarkets.com and others even bother to show it, when it can do nothing but lead to bad DD?
I also agree about sales lead time. The first demos were delivered during the last quarter of 2010, so I would like to see some of the "distributor commitment" start to translate into end-user sales. That should also lead to more distributors.
I know that in 6 months, you cannot expect the same results as we will see in 18 months, but I would like to see some progress. For every confirmed sale, it's only reasonable to assume an equal number of "confirmed sales + x" number of potential sales are in the pipeline.
It won't be too many more weeks before we see that data. I am looking forward to it.
It's a confidence builder when a "penny-stock" company puts out such detail in their financial reports. It contains some interesting facts.
This one lets us know just how much of a secret VKNG is.
From page 18 - Holders as of June 20, 2011, we had approximately 120 holders of record of our common stock.
If they tripled sales, would enough people ever know?
I am looking forward to the next 10Q.
We should get a better handle on the 3-D product's acceptance, and it will be nice to see the gross margin inclusive of regularly priced 3-D units.
A look back from page 21
Gross Profit . For the three months ended March 31, 2011, gross profit increased 30% to $651,758, or 21% of sales compared with $500,934, or 26% of sales for the same period in 2010. The decrease in gross margin percentage for the three months ended March 31, 2011 is primarily due to the lower gross margin realized on sales of 3DHD demonstration systems to our distributors. The demonstration systems are not intended for immediate resale and are priced at a substantial discount to the distributors’ agreed upon regular purchase price for resalable systems. Our distribution strategy requires distributors to demonstrate a financial commitment by purchasing one or more demonstration systems, depending upon, among other considerations, the size of the distributor’s territory. Purchases of demonstration systems generally have no right of return.
From page 22
Gross Profit . For the year ended December 31, 2010, gross profit was $1,588,060 or 20% of sales compared with gross profit of $1,877,077 or 26% of sales for 2009. Gross profit as a percentage of sales was adversely impacted partially due to $228,000 of inventory related write-downs related to reserves taken on remaining inventory for our previous generation 3Di vision system in the fourth quarter of 2010. Sales of this product line are expected to cease due to the introduction of our 3DHD Vision System. Also contributing to the lower gross margin was the lower margins realized on our Viking branded product sales. This was due to an unusually high gross margin on a large order in the fourth quarter of 2009 compared with much lower gross margins on initial sales of distributor demonstration systems of our new 3DHD Vision System in the fourth quarter of 2010. The demonstration systems are not intended for immediate resale and are priced at a substantial discount to the distributors’ agreed upon regular purchase price for resalable systems. Our distribution strategy requires distributors to demonstrate a financial commitment by purchasing one or more demonstration systems, depending upon, among other considerations, the size of the distributor’s territory.
My data isn't the most current (or complete), but I only found 3 groups with more shares then them ... none of which are asking for a seat on the board.
Wells Capital Management Inc.
22,754,344 12-31-09
Wells Fargo Advantage Small Cap Value Fund
13,386,300 04-30-11
Sun Life Assurance Company of Canada (Toronto)
9,463,533 03-31-11
So I hope they get shot down quickly. The three groups above surely know, virtually nothing from a penny is worthless to them and extrememly detrimental to their investment. I agree with you on that.
I hope MRV's lawyers squash this quickly at at little cost to them.
Here's a positive ... MRVC has not significantly altered their outstanding shares since 2006.
Another positive is how they've trended towards making a few pennies per share.
The absolute joke of asking for a dividend is no company gives a dividend of virtually nothing from nothing.
Do they really want a seat on the board of directors?
It seems to me that owning 3% +/- of a company's outstanding shares is significant, but no where near worthy of a board seat. It's also probable that they have no qualification to be on the BofD except they have a lot of stock.
However, countless companies have institutional investors with larger share percentages than these people, and they aren't on the BofD, nor are they hostile.
So, these people are going to be hostile to get something they have not asked for in the PR.
A) a payoff to be quiet.
B) a buyout to go away.
I hope management pisses in the wind in their general direction. All these people can do is hurt all of the other shareholders.
But the squeaky wheel often gets some consideration.
Lots of people bailed after hearing the news.
I wonder what the rest are thinking now about their overflowing buckets of shares?
... Cash Dividend ... Very interesting.
Karen Singer and Lloyd I. Miller, III Support Boston Avenue Capital's Demand that MRV Communications Pay a Cash Dividend to Its Stockholders
PR Newswire
Posted 9:01 AM 06/30/11
FORT LEE, N.J., June 30, 2011 /PRNewswire/ -- Karen Singer and Lloyd I. Miller, III, collectively beneficial owners of 6,948,705 shares of common stock of MRV Communications, Inc. (Pink Sheet: MRVC), yesterday sent a letter to the board of directors of MRV Communications expressing their support of Boston Avenue Capital's recent demand that the Company declare and pay a special cash dividend to its stockholders. Mrs. Singer and Mr. Miller informed the board that, if it fails to respond to Boston Avenue's demand by taking action in the best interests of its stockholders (i.e., by paying a special dividend), Mrs. Singer and Mr. Miller would explore their options, including, but not limited to, seeking representation on the board of directors.
Contact:
Philip Mandelbaum
Singer Children's Management Trust
2200 Fletcher Avenue, 5th Floor
Fort Lee, NJ 07024
(201) 592-0742
SOURCE Singer Children's Management Trust
FORM 10-K
http://www.sec.gov/Archives/edgar/data/1311538/000114420411038263/v227270_10k.htm
On such a great revenue up-tick, how can they still be losing money? Geeezzz!!!
With their 50-State domestic distribution network, in my humble opinion they should add some quality Micro-Brewery businesses to their sales product portfolio. Not by making a production investment, or purchasing the brewery business, but by creating marketing relationships that allow the breweries to utilize ROX's nationwide distribution system.
ROX doesn't have to be limited to the number of breweries.
.0014 and below. At this point I can't foresee a reason why DKAM will not set new all time lows as further dilution floods through the system like a shaken bottle of beer when it's opened.
Since PK hasn't released any news about sales volumes to help pump the share price, we can only conclude the news is more disappointing than hopeful.
Lastly, if the O/S is going to reach something like 900 million shares, don't be fooled by a potential 1 for 100 R/S. It's going to be closer to 1 for 200 or even more so the O/S starts out under 50 million, just like last November.
Agreements in remittance countries are important (MGI to Morocco), but Western Union is doing the same (Puru) and I think landed a huge bonus by signing Regions Financial this week.
As important as it is to have someone at the end of the "money-transfer-pipe" who needs the money, you need a source for the money to be put into the pipe.
WU had a much better week.
I feel for every "long" like me who virtually got wiped out with the R/S; worse for those who kept buying post R/S. I resisted, and think this is heading to below a nickel.
I'll watch the NVLT news, but basically, if they can't project money making product market introduction dates, the share price cannot go anywhere but down, and dilution cannot be forestalled.
The pace of the R/S has to be close to, if not a record in size and speed. It's simply disgusting and stinks like a criminal scam. Who found any information on WW's revenues, its distribution network, or Cabo's prior company's distribution network selling the products DKAM is now obligated to sell.
Now, DKAM will have to make $500,000 and $1,000,000 "NET" payments. Which sales force is going to generate those sales without an explanation as to where Mexicor stands? Who else associated with DKAM is going to sell that much product?
I would like to see all the agreements Cabo has with the companies he is supposed to be representing. I think WW is a shame company set up to sign deals with producers, and the likes of DKAM to take advantage of them too.
With all the credit I give PK for getting Rheingold into so many distributors' warehouses and a good number of states, revenues are paultry, and this is sounding like such a fraudulent scam it's ridiculous.
Your observations are disgusting and probably right on.
Complete disregard for shareholder value; that's what PK's history reveals.
Even if revenues rise in the first year of the Cabo deal, they have to rise by more than at least $1,000,000 to make the dough to pay Cabo for his products, and then be double that in year two.
Then, the unknown is Mexicor's status in all this. If they make the profits (since DKAM has no sales force), then DKAM's share is only the royalty. Gosh, if that's the case DKAM's revenues have to jump into the stratosphere if they are to make significant profit of any kind.
Then there is Rheingold, unless DKAM finds money to advertise this low gross profit item, PK's going to miss the entire summer selling season. Beer is an item that's presold through massive competitive advertising; Rheingold will be left to languish through another cold winter.
I fill the chill already and it's not the cold one in my hand.
Cabo was brilliant, except for the fact that DKAM is going to be in default pretty quickly.
Does anyone really have the confidence that DKAM will be able to resell all of Cabo's product at a profit. DKAM doesn't even have a sales force selling to retail outlets, so maybe Mexicor is still in here somewhere, and it will be them selling the product. Then DKAM only gets royalties.
I wonder who is really going to own DKAM a year from now, and how today's shareholders are going to be screwed?
"This License Agreement (Agreement') shall commence on the date of acceptance of the Agreement by WBI and shall remain in full force and effect for a period of Fifteen (15) years with One (1) Ten Year Option subject to minimum yearly sales requirements set forth as follows:
(a) Year 1 minimum sale requirement is $500,000 gross purchases by Drinks per year;
(b) Year 2 through 10 minimum sales requirement is $1,000,000 gross purchases by Drinks per year;
(c) Year 11 through 20 (option years) minimum sale requirement is $1,500,000 gross purchases by Drinks per year."
"(a) Sales Resources: Drinks agrees, as a material condition of this license agreement, that Drinks shall devote a major portion of its time and effort towards the utilization, sale, implementation and distribution of WBI Products.
(b) Promotion: Drinks shall use its best efforts to promote and market WBIs Product Line. Drinks shall be responsible for the creation, development and implementation of all marketing, advertising, promotional, and sales efforts for the WBI Products. Drinks shall confer with WBI to ensure that WBI Product campaigns reasonably are aligned with WBI’s uses of the Trademarks outside the territory. At least once during a contract year, Drinks shall review with WBI, Drinks' plans for the following contract year.
(c) Demonstration Capability: Drinks shall provide and maintain space, equipment and personnel to properly Showcase, Market and Ship worldwide WBIs, Products.
(d) Obtaining Proper Orders: Drinks shall not misrepresent or overstate or in any other manner commit WBI to any product liability outside of normal retail sales, performance responsibility or delivery changes based on availability of raw supplies, delivery dates or terms or conditions of sales not previously agreed to in writing by the WBI.
(e) Knowledge of Product Line: Drinks shall keep itself and its staff current and well informed on WBI Products.
(f) Forecasts: Drinks shall provide WBI with periodic forecasts of anticipated sales, near and long term Product requirements, distributor reports and statistics as WBI may, from time to time, reasonably require.
(g) Insurance: Drinks shall be obligated to insure all shipments F.O.B. the WBIs facilities in an amount to be designated by the WBI on a per shipment basis with WBI as beneficiary under said policy of insurance."
"8. PAYMENT
Terms are net 90 days from date of invoice for the first order, 60 days for the second order and net 45 thereafter. If Drinks defaults in any payment due to WBI or if Drinks' financial condition at any time seems to WBI inadequate to warrant further shipments, WBI reserves the right to cancel any order or delay any shipment to Drinks or to require payment in advance of any shipment until such default is cured."
"11. SHIPMENT
All shipments of Product hereunder shall be made F.O.B WBIs plant principal business location and liability for loss and /or damage in transit or thereafter shall pass to Drinks upon the WBI’s delivery of Product to a common carrier or agent for shipment. Drinks shall bear all costs for transportation and handling and if prepaid by WBI, Drinks shall reimburse WBI accordingly.
12. CHANGES IN LICENSOR'S PRODUCTS
WBI reserves the right at any time to change the specifications or design of any WBI's products covered under this Agreement or to add new or different Products or to discontinue any Product upon ninety (90) days written notice by the WBI."
"13. RELATIONSHIP OF THE PARTIES
Drinks is an independent contractor. Nothing in this Agreement will be deemed or construed to create an agency, partnership, joint venture or employment relationship between WBI and Drinks. Drinks will, under no circumstances, represent itself directly or by implication, as to a WBI agent or employee, nor will Drinks purport or attempt to bind WBI to any liability or obligation whatsoever. Nothing contained herein will impose any liability on WBI in connection with the operation of Drinks' business, or for any expenditure, obligation or liability incurred by Drinks in performing or preparing to perform, any of its obligations under this Agreement. The credit risk with respect to sales or leases by Drinks to its customers will be borne by Drinks, and the collectability of any amount due Drinks will in no respect eliminate, reduce or otherwise affect ant obligation of Drinks to WBI. Furthermore, Drinks acknowledges that WBI may distribute licensor's product through WBI’s affiliated divisions."
Actually, you were the last in a long string of enthusiasts who turned out to be patently wrong in their assessment of the status of DKAM, denied what was in front of everyone's eyes and said "I told you that I am not afraid to call a dog a dog."
That's easy after the fact and really quite meaningless. Though it took me longer than it took you to catch on.
I wonder how long it will take DKAM to sink under a penny again after the R/S, and how many months it will take for them to do another R/S again.
Whatever happened to Mr. Bill?
AEN ...what a great company ... a powerful and impressive Board Of Directors ... funding from private and non-profit sources ... a profit center from within the company ... and no dilution except in exchange for cash. AEN is the antithesis of penny stocks ... unfortunately real progress, excitement, and the share price seems to move in slow motion.
When distributor deals are signed for reaZin, I wonder if retail traders will know or care? It's probably not going to be until an institutional investor's radar "beeps", that they'll start to gobble up larger and larger percentages of the O/S, before anyone knows it's happening.
If the share price drops into the 70's, I'm going to double down. It's only a matter of time before the AEN team breaks through.
I went golfing. Had a very low cost per shot.
Then I looked at today's chart and saw I missed a potential out at DKAM, and that the R/S is confirmed.
So overall, those two parts of my day can only be masked by some very tall cold ones.
Anyone really believe what I wrote last night about "what was, will be", wasn't right on the money now?
Here's another prediction. Post R/S, DKAM is going to tank as dilution continues, just as it did the last time.
I can't stop thinking about 2015 ... LMAO.
I give credit and have written extensively about the amazing job PK has done getting Rheingold into all of these distributors warehouses and retail stores in so many states. I don't know how he does it?
It's the expense side that is completely out of wack. There is a complete disconnect with losses and insider salaries.
My rough estimate is that nearly 300,000,000 shares must have been diluted to cover run away insider salaries during the past 12 months.
That's dilution that kills longs.
Crow and Whisper, so the two of you also agree there is massive dilution to pay the bills, and are in favor of "good dilution".
It all leads to the same place, a R/S.
What the heck does that mean? If a run happens the only way DKAM benefits is if they dilute. Barterees' might have a higher cost basis, lessening dilution in the short term. It effects nothing that's happened.
Really please, a run has nothing to do with it, other than for traders, and in that case, some of the traders will lose too unless the run has no end.
Anyone who got excited and bought in at .006 a while ago and watched DKAM drop back is either holding on hoping for another run or they bit the bullet and took their loss on the way back down.
A loan is not a gift.
I hold out hope that the $250,000 loan and the CABO deal are timely in that DKAM now is in the position to finally get over the hump.
If DKAM spends/invests all of the loan, and that money does not generate $250,000 of profit, DKAM will not be able to repay it in 8 months, and will again have to issue shares to make up the difference, unless they can get another loan.
I wrote last week about CABO that if state regulators let the deal fly, then I have no problem with it.
So the potential exists for a performance change. The loans might take off the handcuffs. Maybe we'll hear about Maryland distributors and others coming on board. Maybe Rheingold volume is spiking an PK hasn't PR'ed about it.
But I don't have reasons now to say the leopard's spots have changed, until they actually do.
What was, still is.
The newly minted shares are primarily either authorized employee compensation or shares bartered for products and services.
There is no cash flow to pay for all of DKAM's expenses. Just look at the financials. Every dollar of outflow above and beyond cash generated from sales has to be covered by share sales.
When new shares flood into the market, they were probably issued to the barteree at a discount to accept the risk; for instance at .002. that's why they don't care if the price drops from .0038 to .0031. They just want to get their cash out as quickly as possible.
The money has to come from someplace and it's not coming from product sales or royalties.
The arguement that dilution stopped after the last 10Q, and another R/S won't happen until 2015 doesn't hold water. That would mean no more dilution for the remained of the year, and less dilution per year for the subsequent 3 years than we saw documented in the first 3 months of this one.
DKAM needs operational cash right now. So unless they get cash infussions in the from of loans or selling any portion of the company, the only other source is dilution.
So until we can document a change in their standard operating procedure, what was, still is.
I just hope dilution turns out to be less than some of us anticipate, and that Rheingold sales spiked.
Maryland?
Correct me if I am wrong, but aren't we waiting for follow through on a PR from a few months ago stating Rheingold was going to expand into Maryland?
The R/S handwriting is all over the wall. It's not as difficult to see as reading hieroglyphics.
I'm hoping for a downward surprise in the next 10Q when actual dilution is revealed. If the O/S only went to 300,000,000, I would look upon that as a huge victory.
After seeing the last dilution figure, your 2015 assumption isn't possible. It would mean dilution ceased when the last report was issued, and no more would happen through November. Then, for the 3 subsequent years, there will only be 100,000,000 shares diluted per year.
I have a better chance of winning PowerBall this week than DKAM not doing a R/S before 2015.
It may make sense that Cabo's deal won't go through until after the R/S?
That would mean it's coming sooner rather than later.
If outside cash is being made available, then Rheingold production can ramp up; they'll have money to pay for it, maybe advertise (summer is prime time), and maybe hold back on dilution.
PK and Cabo know something we don't. Certainly Cabo can't be pleased taking on so many shares, knowing that the current rate of dilution would be bad for him too.
We've been teased today.
Late filings are a very true pattern ... a PR comes out saying the filing will be delayed ... it's usually about 15 days late. We've been trained to expect it.
Really it's every filing since I've been watching DKAM if I recall correctly.
I also see "Next Earnings 06/27/2011".
When it comes out really doesn't matter. One reason it may be delayed this time is to complete the Cabo deal.
I just what to see a nice up-tick in sales, a rein on expenses, a surprise to the downside on dilution, and a thorough explanation of the "state-of-the-company".
Sold !!!
A few days ago I decided I will buy back in after the R/S when it drops 60% - 80% post split.
I agree, it seems to happen all the time.
I guess the key to buying back into a company that's going to take off after a R/S is finding one that ends its dilution, and becomes serious about building it's EPS.
So I'll be hanging around.