We need volume. The chart has stabilized and I do not see PPS dropping below .03 but without any kind of volume, we will keep trading sideways. I still have faith in FPVD as a company. The Q1 financials will tell a lot. We are crippled right now by the conversion of the toxic debt BUT it's noteworthy that the have not had to enter into any more toxic debt agreements so far this year so the dilution from the conversion of the notes is a finite problem. There is, at this point, an eventual end in sight.
I also really feel like the market for this product is in a very important, growing stage and if FPVD can get a foot in the door this early they could end up with a good market share. Now is the time to make a brand. They are still operating at a deficit but that is to be expected as with every company in the beginning. What to look for is an increasing revenue from sales each quarter and I believe we will see that.
The other important question is their ability to continue operations until they reach profitability and having cash on hand to cover up to 6 months of operations, even in the event of NO product sales, is a very good buffer at this stage. Especially since we already know that they already have a revenue stream from sales. A revenue stream which I believe we will see increase quite a bit through this summer.
As I said, the Q1 financials are what I am waiting for. I'm not looking for anything amazing that will "Turn this thing around and blow the roof off!" as many people in the OTC hope for. I don't believe we will see that just yet. What's found between the lines is what is important here. An increase in revenue over the last 3 months of 2015, a decrease in operating deficit, maybe an increase in inventory, those are the subtle things I am looking for at this stage.
Well, there's my long read. I'm more of a "post a big, long rant every now and then" type of guy rather than an every day poster. Besides, still not too many people to talk to here. That makes me sad, hopefully that will change. It gets lonely here...
