Dont beleive everything you read. Gary is posting what he believes to be true.
The Q reflects a move in the right direction Its important to note that depreciation is a "Non-Cash" liability. Its standard practice to deduct it from the bottom line when evaluating cash flows. Any increase in cash position is good. Many managers will deliberately try to operate with positive cash flows and negative profits to minimize Tax Liability. After seeing the unexpected decline in revs, I am still reserved on making additional buys at these prices.
I may look at CBQI as an investment after it generates positive earnings inclusive of ALL liabilities(i.e. depreciation). Until then, I'm sticking with IVGN and BVF(Sold FD yesturday). Adding another sure bet: RYL
I am not going to comment about the 10Q. It speaks to the issues more accurately than I can.
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