RPH, you may be closer to the situation than I am, but I'm not yet as sure as you are that fiscal year-end financial statements will be presented in mid-August. I know that we've been seeing quarterly/interim financial statements at about the six week time frame after the end of the quarter. However, it was not until September 29, 2014 that the (annual) 10K became available after last fiscal year-end.
Further, a new CPA firm took over during this fiscal year, so this will be their first year-end audit, and that generally carries a delay factor. Perhaps you've already checked in with Paul Knopick, and you've got the mid-August date based on confirmation with the company.
Meanwhile, we still await whether the company's pursuit of additional equity funding (beyond the welcome contribution from Gotama at 15 cents per share upon debt conversions)will be productive, and I would believe that the pricing of the new stock will be as much a factor in stock performance as the upcoming earnings report.
Finally - getting back to the upcoming annual financial statements - one of the most interesting elements of the report will be how the "gain" on the Gotama conversion (15 cents conversion price compared to roughly 4 cents market price of the stock at the time, applied to about 4 million shares) will be treated for accounting purposes. If it's shown as an element of income, the company could be looking at close to breakeven for the year when this extraordinary item is factored in. If it's shown as "additional paid-in capital," then the gain is not run through the income statement. ...makes a big difference in the "optics" of the bottom line. I don't know what the proper accounting treatment is.
Wishing you continued success in selling fine products...
