AI
Monday, June 01, 2009 2:52:37 PM
In all fairness, there is an actual interesting opportunity here Titan...
(All figures rounded)
Read the filings-- they do not have a lot of paper debt-- little over $28k
PSR on projected annualized revs @ $1 mill amounts to 4.3
Their Quick Ratio is a favorable 7.0 and their Current Ratio 8.9; Debt/Equity is .05
They do have an operational cash flow problem and a stated need for approx 250k to finance thru FY 09.
The fly in the ointment this go around appears to stem from the company fin guy's (Jason Sundar) buying of probable treasury shares and then turning them around in a suspicious "gift" transaction on 5/8 to allow for possible resale by the gift-ees as opposed to the 2mill REG S shares he got on 4/15 (which are restricted). (Don't know where the other 250k shares went to.) ( http://www.secinfo.com/d1BMSa.s3.htm )
And then you have former CEO Terence Fitzgerald's shares to deal with in about a month. ( http://www.secinfo.com/d113j2.t3p.htm )
Opportunity here fundamentally (albeit the 5% royalty off a ~ 7% commission for services is pretty silly to "promote") as marketing begins to pick up. ( http://www.secinfo.com/d1Ze2u.s1R5.htm )
Concept One generates ~ $5mill annually ( http://www.manta.com/coms2/dnbcompany_89vhp7 )
According to the latest Q, DUSS could generate $1 mill by EoFY 09 (10/31/09).( http://www.secinfo.com/d1Ze2u.sT1.htm )
I think this highlights the legitimacy of a company and its potential, pitted against a liquidity generating promotion campaign. Given historical records, the odds are the latter will be abused and the eventual result will be either slow bleeding drift or impatient seller(s) steeper decline
(All figures rounded)
Read the filings-- they do not have a lot of paper debt-- little over $28k
PSR on projected annualized revs @ $1 mill amounts to 4.3
Their Quick Ratio is a favorable 7.0 and their Current Ratio 8.9; Debt/Equity is .05
They do have an operational cash flow problem and a stated need for approx 250k to finance thru FY 09.
The fly in the ointment this go around appears to stem from the company fin guy's (Jason Sundar) buying of probable treasury shares and then turning them around in a suspicious "gift" transaction on 5/8 to allow for possible resale by the gift-ees as opposed to the 2mill REG S shares he got on 4/15 (which are restricted). (Don't know where the other 250k shares went to.) ( http://www.secinfo.com/d1BMSa.s3.htm )
And then you have former CEO Terence Fitzgerald's shares to deal with in about a month. ( http://www.secinfo.com/d113j2.t3p.htm )
Opportunity here fundamentally (albeit the 5% royalty off a ~ 7% commission for services is pretty silly to "promote") as marketing begins to pick up. ( http://www.secinfo.com/d1Ze2u.s1R5.htm )
Concept One generates ~ $5mill annually ( http://www.manta.com/coms2/dnbcompany_89vhp7 )
According to the latest Q, DUSS could generate $1 mill by EoFY 09 (10/31/09).( http://www.secinfo.com/d1Ze2u.sT1.htm )
I think this highlights the legitimacy of a company and its potential, pitted against a liquidity generating promotion campaign. Given historical records, the odds are the latter will be abused and the eventual result will be either slow bleeding drift or impatient seller(s) steeper decline
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