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And you would think that the "extraordinary gains" of $16 million would have been sufficient.
CAPE Systems Announces 2010 Third CAPE Systems Announces 2010 Third Quarter and Nine Months Unaudited Results
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PISCATAWAY, N.J., Aug. 3 /PRNewswire-FirstCall/ -- (Pink Sheets: CYSG) CAPE Systems Group, Inc., a leading provider of software technology for packaging design, pallet optimization, RFID Asset Tracking, inventory and warehouse management, supply chain execution and order fulfillment, today announced preliminary unaudited financial results for the three months and nine months periods ended June 30, 2010.
CAPE Systems Group, Inc. reported revenues of $1,209,863 and $2,421,056 for the three and nine month periods ended June 30, 2010, respectively, compared to $0.5 million and $1.7 million for the three and nine month periods ended June 30, 2009, respectively; representing increases of 142% and 41% over the prior year.
The Company also reported income from operations of $221,416 and net income of $52,079 in the quarter ended June 30, 2010 which compared very favorably to the net loss of $1.1 million (before $16 million of extraordinary Gains on Settlement) for the same period last year. As of June 30, 2010 the Company had $433,000 in cash to support current operations.
The significant improvement in operating and net profit for the Quarter ended June 30, 2010 resulted from a significant increase in revenues combined with tight cost controls.
Outlook
The pickup in sales experienced in the third quarter appears to be being sustained and indeed appears to be increasing for the balance of the year.
About CAPE Systems
CAPE Systems is an international provider of supply chain management technologies. CAPE Systems offers a comprehensive range of software systems and tools, from packaging and pallet optimization software, RFID asset tracking, to integrated warehouse and inventory management solutions, pick-to-light systems, and transportation management systems for enterprise wide and collaborative supply chain optimization. For more information about CAPE visit: www.capesystems.com.Quarter and Nine Months Unaudited Results
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PISCATAWAY, N.J., Aug. 3 /PRNewswire-FirstCall/ -- (Pink Sheets: CYSG) CAPE Systems Group, Inc., a leading provider of software technology for packaging design, pallet optimization, RFID Asset Tracking, inventory and warehouse management, supply chain execution and order fulfillment, today announced preliminary unaudited financial results for the three months and nine months periods ended June 30, 2010.
CAPE Systems Group, Inc. reported revenues of $1,209,863 and $2,421,056 for the three and nine month periods ended June 30, 2010, respectively, compared to $0.5 million and $1.7 million for the three and nine month periods ended June 30, 2009, respectively; representing increases of 142% and 41% over the prior year.
The Company also reported income from operations of $221,416 and net income of $52,079 in the quarter ended June 30, 2010 which compared very favorably to the net loss of $1.1 million (before $16 million of extraordinary Gains on Settlement) for the same period last year. As of June 30, 2010 the Company had $433,000 in cash to support current operations.
The significant improvement in operating and net profit for the Quarter ended June 30, 2010 resulted from a significant increase in revenues combined with tight cost controls.
Outlook
The pickup in sales experienced in the third quarter appears to be being sustained and indeed appears to be increasing for the balance of the year.
About CAPE Systems
CAPE Systems is an international provider of supply chain management technologies. CAPE Systems offers a comprehensive range of software systems and tools, from packaging and pallet optimization software, RFID asset tracking, to integrated warehouse and inventory management solutions, pick-to-light systems, and transportation management systems for enterprise wide and collaborative supply chain optimization. For more information about CAPE visit: www.capesystems.com.
Perhaps not criminal or fraud (we really don't know), however he has been negligent regarding shareholder equity (corporate negligence). He has a responsibility to shareholders.
Do you still believe Toms has any desire to get this back trading? If so, why?
If his efforts force a public statement from Toms, we can all begin to have some closure and possibly take legal actions for ourselves. My faith is lost. Toms has run out of excuses.
I don't blame him for not giving out the attorney's name at a time of ongoing investigation. Especially in a forum such as this. He is acting under the advice of his counsel. We are stronger together. I also don't see where he asked for financial assistance. Attorney's cost money and if you want to talk to them, you gotta pay.
As a group of shareholders, I am surprised there are still folks supporting Toms and dismissing another shareholder's effort to force a public statement from Toms. Don't you all want to know what the hell is going on?!
I am just wondering why people continue to have faith...
Hmm.... Well the biz operates out of a strip mall.
hear, hear!
About over...
I don't think any posters here are to blame. They just believed what Toms was saying.
I sure hope the day comes when you can say, "I told you so!"
Perhaps a more accurate statement would be if this was left to trade, we would have been diluted. Since it no longer trades, then the fact the A/S was raised is of little significance.
I doubt Toms has anything to do with this timeline, thank God!
I agree. I have found Briscoe to be honest to a fault. Unfortunately, he is swimming with sharks.
I have long been convinced that NAK may have bought the debt to control the information coming out from the Pebble region and not necessarily to move forward on any meaningful drilling on LBSR's land. In my opinion, NAK bought themselves an insurance policy.
Thanks for the update
Mine too... But without confirmation, the stock is at the whim of the market right now... a market I do not like
There are many of us, SGR. I knew LBSR would take awhile to pan out. I wish I was selling at .18, but I had to settle for the .08-.10 range. In my opinion, it is best to sit on the sidelines or flip until further notice. The market overall is pretty bad... unless you are short or sitting in cash.
well done
Any one else feeling the end of month?
Me neither.
How sad this is... No updates or acknowledgement from management.
.0081?! Folks must be tired of waiting.
Dude, look around... The whole OTC market is drying up. If you think there is value and you like the management, then buy and sit for a year or so. If the risk is more than you like, sit in cash. Don't berate the management. Take matters into your own hands.
Indeed the CEO is well connected and has a long history of successful movies. Wonder why this is getting no attention. I bought a few anyway. I am not really putting much more $$$ into the OTC market these days.
If you believe in the management and the business, then look at value. Do you believe this company is worth more than $1,128,759? I do.
Not really. Shares issued for services renders the numbers hard to track.
I am ready!
Thank you for your contributions here. I appreciate the open dialogue.
I sure hope so. Briscoe enjoys the hunt more than the feast. One of the claims needs the move towards economic feasability. I am not confident in current management skill to get us there. Either way... The road is a long one.
Timing is everything. We timed last year just right. There may be a pop left in 2011. Waiting to see what I can gather from NAK's filings. I warned this would be a long road when we did not hear back regarding the JV with NAK in late 2010. I thought we would have something by now. Now, who knows, 2012 or 2018 or never.
end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week... end of the week...
Is it too much to ask for a little accuracy? Toms has been horribly inaccurate.
Sounds insane. How do three people fight against each other?
At 58 years of age? Only if he is going for the NFL record for oldest player.
Welcome to the board, bud.
Time to make some noise!
I like it! Ingrained marketing. So many different revenue generating opportunities.
I have read through them. Perhaps I have missed something.