Wednesday, July 23, 2008 10:55:01 AM
They were pretty timely with thier quarterly reports and then Carolina the CEO goes out and says they will do $4M. When they started to miss that shareholder provided guidance by a country mile (81% off the target), all of sudden the reporting stops and they wait an entire year to update thier shareholders that others here will have you believe they care so much about.
Then this year they do THE SAME EXACT thing. Carolina the CEO goes out and projects $6M in sales. Since then, all is silent on the revenue update front. Patterns are the only thing people have to work with on this stock and right now it shows a repeat of 2007.
If they stay consistent, a reverse split is probably very close on the horizon and they will not update revenue results until sometime next year. That's right, 2009. This board will probably go back to the tumbleweeds it was. Or will it? Now that they are back in the public eye in a big way, maybe shareholders will keep the heat on them...time will tell.
Understood on your point about not requiring it though. They set the precedent however.
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