MTBR: could be ready for a big run:
Posted by: rheddle Date: Thursday, August 07, 2008 12:30:22 PM
In reply to: rgzoo who wrote msg# 265 Post # of 294
I just spoke to the CEO a few minutes ago and the filing of the quarterly report is now imminent. The guy that actually files the report has everything he needs and the Q should be out in a matter of days and the CEO thinks it could even be as early as today or tomorrow.
He can't say what's in it obviously, but I am looking forward to seeing what the net profits are after we have seen the top line revenue and gross profit margin numbers (50%) in recent PR's.
As most sales to date have been generated from internet sales, the main costs of sales I can foresee will be marketing costs, selling expenses, administrative expenses, legal fees etc. One number I am interested to find out about is the cost of the warehouse that will be serving the west coast, but as it was PR'd after the end of the last quarter, I don't know whether we will see the level of overhead pertaining to that facility in the quarterly report we are waiting for. The interesting point from a growth perspective, is that the warehouse and recent sales appointments are designed to put products on shelves of retailers. That will be a big boost to growth as it will be a top line addition to existing (and growing) sales from Stemulite's website. If we are lucky, the higher cost of sales (retailer margin and salespeople commissions) will be offset by efficiencies gained due to higher manufacturing volume resulting in a decent net profit margin, but we'll have to look to future quarterly reports to gauge this.
The CEO also said that he is not able to tell me much, but that they have a lot going on at the company that he can't talk about right now. A past PR mentioned moving to a higher exchange and we can expect to see the form 10 between this quarterly report and the next quarterly report (i.e. before November 15th).
The CEO also said that he sees no reason why this shouldn't be trading back in the .30's to .40's again.
Time to wake up and see what you are missing Mr. Market. Chart below showing big accumulation.
