Good Saturday evening, Cash,
Here's what I'm looking for this week in the earnings release:
1. I would hope to see quarterly revenues in excess of $3 million (I'm harder to please than Hostastock with his #2.8 million expectation), because I am keeping in mind that the 10K spoke of the January through March quarter being the seasonal low - and I really hope the company can do no less than $12 million in sales for the full fiscal year. ...which would be well on the way to $16 million that was in a forecast made by the company around a year and a half ago when they were first publicly stating that they were looking for additional capital.
2. You write about wanting earnings to be "bullish." Let's divide that into two components. I would want "operating earnings" to remain positive, as was the case for last year's Q4 taken in isolation, but I'd also like to see the final bottom line be at least within 100K of breakeven, as anything worse than that would infer that the company will need to borrow more money.
3. But the first place I'm going to be spying out on the earnings release is the number of outstanding common shares to see what sort of an increase, if any, there's been since the 93 million number reported at June 30. If there's been a substantial increase while at the same time convertible notes payable has accordingly been decreasing, that's not a bad thing, as that means that interest expense is on its way down.
4. I too would think that the stock is once again going to blow upward past the roughly 1.6 cents that was the conversion price for a number of Mr. Fife's shares. I don't think that at the moment he has that many shares left to sell, given the high volumes of daily transactions we've been seeing.
5. Since I ought to disagree with you on something/anything so as to maintain something resembling credibility here (it's actually hard not to be just an echo for you, as you're the best poster we've had here since Sgreg who hasn't been here for months), I'll choose to repeat an earlier comment that technical analysis does not maintain its usual validity when you've got a unique source of supply, like Mr. Fife, having the privilege to torpedo the stock price whenever he might decide to dump shares. And so, I would tend to refrain from your optimism when you conclude that the longer term uptrend remains in place. This stock is sufficiently screaming "buy" due to its fundamentals.
Have a good week, and I look forward to our exchange when the quarterly earnings release is put out to our pasture. Your Twitter account, incidentally, remains fun to follow (I've forgotten whether you've cross-referred from your Twitter to Investors Hub, just as you've cross-referred from here to there - if you haven't done so, you might consider doing that as a way to further boost your "brand").
AI
