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Re: SakartveloChan post# 6570

Saturday, 01/06/2018 7:59:48 AM

Saturday, January 06, 2018 7:59:48 AM

Post# of 7213
Not sure what to expect for timing of 4Q numbers. Last year they didn't get them out until early May, but I suspect that a big reason for that was because they were trying to get the Benchmark deal closed.

My best guess at this point is that they will put something out around the end of March. This audit will be the first one that includes Benchmark so it will take a little longer to get this audit and 10K done than when they were just FTE. But I think they will try very hard to avoid having to get an extension for the 10K (the original due date of which is 3/31).

Last year they announced "preliminary" numbers on 1/25, which, upon audit, turned out to be just plain wrong, so I'm not sure that they will try that again this time. That debacle, coupled with the delay in getting the 10K out plus the fact that both 1Q and 2Q numbers were less than stellar, were the biggest reasons for the stock tanking last spring and summer. I believe that 1/25 PR was the last time that they tried to provide forward guidance.

Its great to see them getting a new IR firm, and even better to see them also get some help on the public relations end. Their Cross Layer business desperately needs help in getting its story out. What they are trying to do there is not something that a building owner is going to automatically think that they need or want. That business would benefit tremendously from a good PR campaign.

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