FNXC .0027 is up 50% - real company, 1 million dollars in cash, OTCBB fully reporting SEC filings, and over 1.3 million in revenues reported the first nine months of this year.
3. Increasing sales
“Sales numbers are expanding and market penetration is impressive, but even more exciting for Fonix is the major success in limited markets and the potential for products like these to expand across the world,” said D. Lynn Shepherd, Senior VP Engineering and Product Development for Fonix. “Capturing market success in Asia provides leverage with our OEM partners for additional global expansion. The numbers should serve as a validation for our investors and clients of the effectiveness, quality and numerous applications for Fonix technologies.”
4. Financials and Assets
Cash and cash equivalents $1,011,000
Total assets $4,133,000
As of November 12, 2009, there were issued and outstanding 64,815,229 shares of our Class A common stock.
64 mil (OS) x .002 (Current PPS) = $128K
$1 million (Cash) / 64 million
(OS) = .015 PPS (Only cash networth) Assets should be 4 times higher.