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Thursday, October 21, 2010 6:11:56 PM
The company launched a new product line this month. So far they haven't issued any status or update. So we're due something on that issue.
They're currently a non-reporting company, but they occasionally release updated (unaudited) financials. They are still a ways behind the time line but their stated goal is to catch up and eventually become fully reporting and market uplisted. So another financial report could come out at any time, since there's currently no formal schedule.
About two months ago they hired a new high-powered market specialist, and a new CFO. I would assume that the CFO is working daily on bringing the reports current.
And it was recently noted that their client list on the web site expanded from about 6 to 19. They are probably signing up new clients this quarter due to their shiny new product now in the market.
So I would assume that the business is still expanding, as it has been for the last two years. Who knows what they will do next? But if it is a "material event" they are obligated to inform the shareholders.
So from my viewpoint, there is plenty of reason to be optimistic and to expect some news of some kind, in the near-term.
Or as Monty Python would say: "Expect the Unexpected!"
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