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Thursday, April 02, 2020 2:17:58 PM
Based on his last webcast, March was to be a profitable month, and I believe that April initiates a profitable quarter. How profitable, that's the question. I believe they're selling a lot of their liquid products at a substantial profit, the question is, how many of their machines are they making, and are they being purchased, leased, or are they putting them into their inventory. Depending on the answer, I believe our current quarterly profit could be as high as double, or even triple digit millions, to as low as hundreds, or even tens of thousands of dollars, quite a spread. Until more definition is provided by the company, we really don't know.
Frankly, I don't believe that many profitable companies remain on the Pinks very long. Certainly they can move up to the OTC, and that may happen once the financials are filed, but the major exchanges are a little further away. The Nasdaq is generally considered the next step, but it requires a $4 share price, but I believe the AMEX may still require $1, and that's far more doable once we have a few profitable quarters.
As for the current price, I don't worry about it, let's get the current earnings report out of the way and allow our CEO to discuss them, and discuss the future, then we can see what direction the stock is headed for.
Gary
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