Anyone read the last 10K? What do you think about this part, "As shown in the accompanying financial statements, we have incurred recurring losses from operations of ($65,327,000); and, as of December 31, 2016 had a stockholders’ deficiency of ($5,197,000) and negative working capital of ($5,411,000). In addition, the recent trading price range of the Company’s common stock at a fraction of a penny has introduced additional risk and difficulty to the Company’s challenge to secure needed additional working capital. These factors raise substantial doubt about our ability to continue as a going concern within one year after the date of filing of this annual report on Form 10-K. Our Independent Registered Public Accountants have stated in their Auditor’s Report dated April 14, 2017 with respect to our financial statements as of and for the year ended December 31, 2016 that these circumstances raise substantial doubt about our ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary should we become unable to continue as a going concern."
This 40 million dollar deal over 3 years is huge yes but if COTE is having 65M in recurring losses, that still leaves a substantial amount of loss inspite of this great new contract.
Stocks are bought on expectations, not facts...
AI
