DC Key, you sure ask some penetrating questions. As regards the shift from Q3 to Q2 being the slow quarter, I did find it pretty weird that a consumer products company would claim the Christmas quarter as the slow period. I'm not sure I can connect that to the transaction at hand as you've done, but I wouldn't deny the likelihood that you'd be correct - as I have no explanation at all, while you've come up with an interesting thought.
As regards $2.4 million being my guess for Q2 sales, if I remember correctly, I took the average of August and September sales, and that was the basis for my guesstimate for Q2. We had been given the July sales number in a press release, and we learned Q2 as a whole from the quarterly SEC filing, so it was simple subtraction to see what the August and September total was, and then calculate the mean average between the two, then multiply by three to get a quarter's worth of sales. If I remember correctly, I think I rounded upward.
I thought that a $2.4 million sales number for Q2 would likely correlate with a break-even bottom line for the quarter, as (again, if I'm remembering correctly)I took the projected decline in sales from Q1 and figured that about half of that would reach the bottom line.
As regards a "fine toast together," if your screen name correlates with your geography, i.e. if you're in DC, well I'm in Baltimore, so it could happen. Folks ask me for my favorite vintage, and I tell them...Manischewitz from maybe last Thursday (I moved up from Ripple from my graduate school days back in 1968/69).
To close on relevant-to-others note, I'll admit that I'm totally astonished that we're seeing an orderly market in VHUB this morning, with a gradual climb in the stock so far. I really had been expecting a delay in trading, then a big gapped opening ultimately. And so we are again reminded that there is a difference between well-written and prophetic.
Good day, Sir.
