Comerton Corp. (COCM)

[rocketeer357]

Lots of assumptions here with no financials to back them up. Without knowing margins, we have no idea what SPHE is pocketing from these contracts. Without forward guidance, we can't begin to estimate their bidding strategy on these contracts.

We do know that SPHE was given a lease on financial life last Q by their creditors. The forbearance on interest repayments was valued at .05 a share....still a nice premium to today's closing price.

My pain here is 65000 shares at an average of .073. IMO, the last Q cooked in a lot of bad mojo- lawsuits, debt.....I'm hoping they divulged the worst of it and can now show strong signs of a turnaround.