Morning all! Talked to Scott Knoll yesterday evening, the CFO, great guy, very pleasant! I asked about earnings release, he said he had hoped to have them out this week, but it would probably be next week as he has been backed up with paperwork for all the info that Pinksheets wants to upgrade and update their info. He was pleased that I knew all about Pinksheets and how off their published info could be on a given company (I had to laugh, as an active trader, I have already made dozens of calls this year and gotten the same complaint, plus I know for FACT that there are instances of companies that have pinksheet's blessing that are nothing but pure scam, one guy and a stock printing press, and "caveat emptors" that are doing millions in sales, lol!)
I will say though, that his concern and frustration was refreshing, obviously they do care about shareholders, in fact one of the goals he stated was to continue their practice of posting monthly sales figures, full transparency, from a pinksheeter, that's astounding really.
They have cut costs to the bone wherever possible, and have done exactly what i've seen the smart companies do this year, gotten lean and lightfooted, and Scott stressed what I already knew, this is NOT just a hurricane company, they don't require the storms to do a solid business, the hurricane response capabilities are just icing on the cake.
So, earnings next week, likely followed by more PR's soon as they fulfill Pinksheets fairly onerous requests for financial data and such, and get their rating upgraded.
IMO, you would have to be nuts not to take a long position at this price, and I do mean long though me personally I will pick up extra for trading just like I do any stock, but the trend is your friend, and all recent data indicates we are headed back up in the housing and construction markets.
ANNNNNNNNND......
there's storms a-coming our way.
GLTA,
Dragynn
