The biggest items to me concerning the unaudited financials ( and yes I realize they are unaudited )
* We went from $6,000 dollars in the bank to $733,000 in the bank
* We had over 8 million in sales BESIDES the govt contract. Some may see this as a major decrease, but be realistic, you can't have a 25 mil contract every 6 months. I for one am shocked we had such high sales. One has to wonder where these came from, the website?!? This was my biggest concern: Was cyberkey going to have the one contract and fold. And these financials clearly tell us that we have sales, and significant sales, outside that one contract.
*Inventory had huge jumps, as well as cost of goods sold. We went up 5 mil on CGS which is a much higher ratio than the first 6 months. I hate the speculate, as bashers love to tear assumptions apart. But I am led to believe Cyberkey has purchased a large quantity of keepsafes, most likely for retail distribution. One can't expect we are getting the keepsafes for $10 a peice, so this would make since in our high inv. and CGS. We have nearly 9 mil in inventory... this also could mean the company has another govt shipment ready, just have yet to ship it possibly. Take it however you choose, I like it.
* Obviously advertising had huge increaes, as well as payroll.
* And finally my number one...LEGAL FEES. I am not a CEO and don't understand what all goes on, but the legal fees went from $700 to $60,000. What could this be for??? We can all make guesses...ur guess is better than mine I am sure.
On another note, indicators are looking fantastic, I'm not overrally excited just yet because we aren't even to many of the usual poster's entry points...but if I have ever felt so certain about a stock of mine, It is right here, right now.
GLTA
-Joe
