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Friday, July 19, 2019 11:28:30 AM
I am not sure the reason why they do not release the fins. To me - if you have been given this much time to prepare your financials and you can say that you are materially close to $8.3M, then you should have the document ready. This also alludes what I have stated before - They had come out and stated that the revenues would be $9M and yet here they are softening the blow... $8.3M. Some may say - well thats close enough. BUT ... they have left the materially close to $8.3M and a forward looking statement clause that says anything in the PR with the words expected, anticipated, etc may change with the ACTUAL release of the 10K. Therefore, I still believe, in my opinion, this is not going to have revenue of what was told to us in the beginning. I think they dangle the carrots in hopes to raise the price fractions of pennies so they can dilute at a "higher price".
Just out of curiosity - for those who believe the $8.3M number. Why didn't the price skyrocket based on the PR that was released? Isn't that close to what was expected? I can offer a single thought as a reason. DILUTION - each time they get a PR or push upwards they dump a shit ton of stock. My belief is they will not let this go above .20-.30 ever again. If they can drop over a 1M shares in one day at .07 they will. If this were to get back to .10 they will dump a ton again. Another thought on that why the stock did not price jump / skyrocket - it is not the 10K. A PR with the with the materially close revenues is not concrete, it is still subject to "change" "adjustments" and the PR reflected that with the forward looking statement clause.
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