And I say,'AMEN' I have no quarrel with your observations and opinions. That's history. BTW CPST was my largest loss for my portfolio this year,because I saw it earlier.unfortunately too late.
CC 11/06/2015. Here is the 'lipstick' on the pig. Quote from D.J.
Average revenue for the Company over the last 18 quarters was approximately $30 million, with revenue exceeding that level nine times and reaching at least $27 million, 13 out of the last 18 quarters. Based upon the new cost structure, which will reduce expenses by 25%, the Company would have been break even or very close 13 of the last 18 quarters.
I did not listen to the CC,but the energy efficiency market was strong this quarter and comprised 68% of our sales, and natural resources applications accounted for 26% of sales," Mr. Jamison continued.
"We still have challenges ahead from the continued economic headwinds, the strong U.S. dollar and the drop in oil and commodity prices. However, with a new lower cost structure, improved CHP product offerings and increased sales efforts in emerging markets, we believe we will be able to overcome these challenges and improve our financial results throughout the upcoming year. Further, as a result of our initiatives, we expect to be better positioned for sustainable growth when oil prices rebound and the dollar weakens, " Mr. Jamison concluded.
This last glimmer of HOPE rest on D.J comment in the CC.
CPST is now on my watch list and we shall see.
Bankruptcy, not with standing.
I always believed in the product.
Sometimes that is not going to make the shareholders any profits.
Management????
