ok i read it a bit closer. my first guess was off, that statement about next quarter seems boiler plate. the one everyone else picked up on now holds more weight for me. hearing that the audit is done and they are now preparing the statements means it should be out soon. audit takes long, statements should take 3-4 weeks at best. hopefully less due to the time spent in auditing.
the numbers tell a story. tuteman and ist have had a good quarter. 1wc not as good as expected. but not too bad. if we go back in time prior originally thought he would be profitable sometime in 1q 2011. then last report he seemed to think it may happen by end of 3q 2010 which was very exciting. now it sounds like actual profitability will take place somewhere in the middle. either way not bad for a business that started late 1q 2010 if not early 2q.
this quarter was actually a bit worse than last but that was due to 1wc expenses. so this means prior was right last quarter when he said manufacturing would pick up in 2q
as for financing, they said it plain and simple. they wanted to raise 1m from those 500m shares meaning a pps of over .002 (there are expenses etc involved). that did not happen. was more like .001 to .0015 at best meaning just over 500k was raised.
he said they are not looking to do this again yet. hopefully business will move in the direction it is not needed. either way i highly doubt he issues more shares unless he is absolutely sure he can get well over .002 for them. meaning anything under .002 is a great price going forward imo
he also hinted at some other news in the wind turbine area would come out. i forget, what position was that job opening for? coincidence?
basically shows what we thought. he was waiting for the audit to talk to us as requested. there is other news. he is working. this shows that.
why release this and no pr? my thought is still the stop thing. he knew it would happen if no financials by today. he thought releasing this would stop it and wanted to do it low key as he expects the audited version out very soon, that one will be pred. unfortunately they were not out in time or no letter etc. i am sure the audit will be out very soon and status restored if not uplifted.
i am also sure more news will follow and can wait an extra quarter for 1wc to be profitable.
My charts are my own. Any numbers or timing are based on my interpretations of what I consider to be the most likely price movement. My interpretations can be can be wrong, it is always best to do your own charting.
Anything else I post is purely opinion
