May I draw your attention to the fact that the Q3 report displays the situation end-September, and that the company declared earlier that it would reach positive cash-flow mid/end Q4?
For me, I think the report basically was good news:
1. The company makes a profit, debatable how much, but I would personally(*) state 8 cents/share, which is rather impressive for one single quarter for a share which costs 20 cents.
2. The profit is stable or increasing for most business segments, and total revenue is 38.7 MUSD, to be compared with 34.0 MUSD last quarter.
3. This profit level allows easily a dividend of 10 cents/year, which is what the company has announced as its intention; this corresponds to a yield of 50%. As a theoretical exercise, the current profit level would allow the company to double the dividend, thereby increasing the yield to an astronomical 100%. And it would still have some profit left.
4. Another positive indication, though not listed in the report, is that the last dreaded dilution took place on October 10th, which translates into a longest interruption this year and a decent hope that it has ceased definitively, exception made for 1.5 M shares flagged for issuance in 2019 in the Q2 CC.
Make no mistake: this company has a lot to prove and a horrible track record as far as the share price is concerned. I certainly would not recommend anyone to invest with money that they couldn't afford to lose. But IF - a big if - things turn out as one can hope, this stock can in my view increase tenfold from its current level.
(*) with some kind assistance. :)
AI
