Followers | 48 |
Posts | 2221 |
Boards Moderated | 1 |
Alias Born | 01/28/2013 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, June 19, 2014 3:04:45 AM
Now I ask, how many penny stocks generate $20M in revenues? These are exciting times and the best is yet to come. Disappointed investors, I guess, but only is they listen to "you know who".
As a company that is trying to graduate from “development stage enterprise” to “operating company”, SCRC needs to do much much more than to hit $20M in topline revenues. If it hits $20M while demonstrating flat growth, then this will be insufficient. If it hits $20M while still demonstrating meaningful growth, then the market will withhold judgment and continue to observe and hopefully speculate in SCRC.
This is because – as I’ve posted on and provided the math for previously -- if SCRC does not cut down a significant amount of its SG&A and Other Expenses (and recurring “one offs” such as $500k for stock option awards for Bob/Jeff as well as legal fees for the IR suit, which, although each is unique and a one-off, we can’t afford to keep seeing new “one offs” each quarter), then if SCRC simply continues to experience the same SG&A and Other Expenses that it experienced during Q1, it would require SCRC to report approx $33.5M in topline revenues in order to simply break even on a net earnings basis.
So even though the company may be “fine”, shareholders will most definitely be disappointed if their portfolios stagnate or decline in value. At least those shareholders who actually paid market rates for ALL their shares and don’t have the luxury of having tranches of 0.00 and 0.05 shares to act as a safety net for them…
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM