Thursday, August 09, 2018 12:09:35 AM
More than likely they wont change the Intangibles to reflect a realistic market value they need that number as high as can be gotten away with declaring. I am sure they have bought off the auditor they are using or they are just signing off for the fees. Also dont look for clarification on the status of the Patent Application. They will hide behind that privacy filing status for as long as possible.
I predict they will cut another quarterly operating loss founded upon they are going to milk that $900k plus depreciation write-off for all it is worth from Geotraq. Any real cash they make from the recycling side is going to be balanced out against this non cash-writeoff. What needs to be paid attention is how the Balance Sheet will change. If Cash on Hand and Adjusted Book Value continue to decline, well this is a clear sign the company is being looted. The above writeoff gives them the means to perform "Earnings Management" to avoid taxes. The executives are sure to be paying themselves plenty of salary and bonuses till this thing is bone dry. 2nd Quarter Earnings will be able to define an appropriate Burn Rate. So I look forward to seeing the Actual 10-Q.
I also suspect the next shoe to drop is NASDAQ delisting them for not maintaining the minimum shareprice of a $1 over the required 30 day window. They have till something like September 26th to rectify that otherwise I believe NASDAQ will kick them off and then this will be an OTC Stock.
Recent JAN News
- JanOne Regains Compliance with Nasdaq's Listing Requirements • PR Newswire (US) • 03/15/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/28/2024 09:22:34 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 02/09/2024 05:36:51 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 09:07:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/12/2024 09:28:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/11/2023 08:33:09 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 09/22/2023 09:00:42 PM
- JanOne to Present at the Dawson James 8th Annual Investment Conference • PR Newswire (US) • 09/21/2023 03:30:00 PM
- Dawson James Securities Announces October Date for 8th Annual Small Cap Growth Conference • GlobeNewswire Inc. • 09/21/2023 01:35:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/15/2023 08:33:01 PM
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- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 08/28/2023 09:20:13 PM
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- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 08/24/2023 08:30:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/23/2023 08:33:11 PM
- JanOne Technologies Announces Closing of Registered Direct Offering Priced At-The-Market under Nasdaq Rules • PR Newswire (US) • 08/22/2023 09:30:00 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/22/2023 04:54:17 PM
- JanOne Technologies Announces Registered Direct Offering Priced At-The-Market under Nasdaq Rules • PR Newswire (US) • 08/18/2023 11:00:00 PM
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- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 08/16/2023 07:55:32 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/15/2023 08:39:17 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 07/07/2023 08:19:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/30/2023 08:24:10 PM
- JanOne files international patent application for methods of using low dose naltrexone to treat chronic pain • PR Newswire (US) • 06/28/2023 12:30:00 PM
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