Tuesday, February 01, 2011 5:00:47 PM
ship 10k units over 4 months at $19 revenue(generous)
recall 4k units
net of 6k units x $19 = $114k total sold through
$114k divided by 4 months equals $28.5 k per month
the rest of your analysis is speculative at best.
That is what Judges do, they render opinions and orders. He looks at the facts presented and renders an opinion. If he cites the plaintiff's likelyhood of succes, and you choose to view that as an obtuse statement without any merit or not being indicative of the state of affairs, thats your call.
I personally happen to believe that when a Judge says "looks like you're gonna lose, so I'm granting this injunction", It means that is what he sees.
Re Loss ck S1, lost 4 million in 9 months ended Sept 30, 2010
Re Insolvency, that is in the S1, 1 month's cash. He cited the company's own SEC filing.
Accountant boilerplate is a curious way to describe such a Toxic opinion, because that it what it is, they issue an opinion.
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