Singing Machine Company Inc (MICS)

[NobleRoman]

I can't count today. That woudl be 2.7 on the high side. I'll fix that. I don't understand that, but I'll include it to err on the side. I wish a Finance major could explain those pre-funded warrants in very simple English and why they aren't already included in the OS. Why would they be eternally accounted for separately???

BTW, this is reelased today in regard to consumer fears:

The retail sector is seeing a strong recovery after earnings reports from Nordstrom (JWN +9.6%) and Best Buy (BBY +6.0%) helped tamp down fears that consumer spending is tailing off far and wide.

And I'll just wait for all the dust to clear on the 10K in a few months to see what the true EV is at this time without any fudging.

My broker now is reporting 2M OS and 1.2 M in the float. That would make more sense. But then they are off 700,000 too. 200,000 for sure. They seem to be going by the prospectus's assumption.

Oh, God! Everything is so F'd up right now. So much contradictory information in the data out there, trying to be absorbed.