Getting back to the Financials... (catching up on the board here)
I stand by my numbers.
What I am looking at is how close the company is to even if someone is considering coming in and taking out the crazy debt situation.
Starting with about 1 million in losses you have these items.
246k which is stock based compensation
102k in non cash Depreciation
385k in Interest expense (some of which is non-cash conversions)
167k in amortized debt adjustments
An investor or a buyer can come in and this company would be close to cash flow even and profitability based on about 3-4 million a quarter in sales.
The 9 months was even more distorted by the inventory build in India as 450k in G&A Salaries which did not exist in prior years are included in expenses at the time when 2,000 or more units were built in India. Additionally an increase over over 900k in production and engineering salaries occurred in the 9 months. These items are EXPENSED with the major contract revenue not occurring until October (Argentina) and of course the sale of units from India.
Basically the company ramped up, closed a big sale after the quarter and built a crap load of inventory . All this for which these items are expensed in the financials already.
4th quarter "might" be decent but no one knows.
Constantly talking about pump and dumps, reverse splits and toxic debt really do not matter much at this point. There is no pump here. the stock bid is ZERO and ask is .0001 and will not go up without a workout or significant improvement.
It is great you avoided the prior pump. But most of the people still here did as well. This is a potential turnaround situation for which the risks have always been extremely high and as I stated from the beginning only suitable for a small high risk investment, very small.
We should know all there is to know in the coming few months.
AI
