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Thursday, April 09, 2015 11:03:14 PM
http://www.snl.com/Cache/1001196841.PDF?Y=&O=PDF&D=&FID=1001196841&T=&IID=4578348
Interesting tidbits...
SHARE STRUCTURE
* 138,829,119 Outstanding
* 37,000,000 Held By Founders
* 17,000,000 Restricted
* 40,000,000 Held By Core Group
Look who is now officially a "public figure/entity", LOL... ...it is now officially permitted to use the word "CORE" and discuss this group of "investors", most of whom have spent the past 2 years lying and stealing money from the retail masses while violating securities laws to hide their status (and resulting financial conflict of interest) as paid promoters... ...game on...
PIMD
Q1'15 revenues are being reported to be $912k.
So if JAN was PR'd to be $137k, and FEB was PR'd to be $554k, then this means that MAR was only $221k.
Yikes...
Q1'15 TOTAL REVENUES OF $9.6M
So this provides clarity to the previous PR that simply stated that Q1'15 revenues would be "almost $10M".
So now let's revisit the calculus:
JAN approved orders PR'd to be $3.49M
FEB approved orders PR'd to be $3.76M
MAR approved orders PR'd to be $1.45M
JAN-MAR PIMD now disclosed to be $0.9M
Add 'em all up and what do we get? $9.6M.
Nice and tidy math, right? Yes and no. As stated previously, the problem is that based on the Q4'14 estimates from the NT filing, it appears that SCRC still had approx $7M worth of backlog as of 12/31/14. For Q1'15 revenues to only be $9.6M -- and for it to be 100% accounted for via the Q1 monthly approved orders and PIMD revenues as itemized above -- this means that as of 3/31/15, Main Ave still has approx $7M worth of backlog. IMO, most likely Main Ave caught up and filled the backlogged Rx's from 12/31/14, but this just means that they only filled approx $1.7M of the $8.7M worth of new approved orders during the entire Q1'15 period. THIS IS REALLY BAD NEWS.
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