I personnally expect that the 10-Q will be generally awful, leaving the company with rougly the same fundamentals than last quarter, that is, in a near-bankrupt state.
Last quarter revenues were $320K, and the loss was ($788K).
Many on this board hope that the Ojo subscriptions will create a new revenue stream.
The MLM GlobalPreneurs has projected Ojo sales of 1000 units per month, raping up to 8000 per month later in the year. Those are "grandiose" projections.
So, people on this board have computed 2 months of 1000 subscriptions, for a total of 3000 subscriptions-months (those who got their units in May paid in May and June).
So, if GlobalPreneurs delivered, we ought to see a bump of 3000*$30 = $90K in Gross Revenues.
Pervasip claims that they are affiliated with other Ojo resellers too.
And there are the Fring+Nimbuzz subscriptions that could/ought to be increasing.
The much-touted debt reduction will not be very apparent in the financials, because there were only 2 transactions $148.5K+$224K = $372.5K, which is less that the total quarterly interest expense of $482K. So, their total debt liabilities are no longer incrasing, but have not started to go down yet.
So, if the revenues go up by $100K or more, the company will still be a money-losing P.o.S, but there will be hope that it can break-even in less than 4 quarters, if one assume that the sales will keep ramping up.
On the other hand, the company will still need new capital to sponge off the (huge) losses from operations. So far, apart the insiders sales purchases, that capital has been found by floating several convertible debentures, a manoeuver known as "death-spiral financing".
No far the members of this board have been unwilling to come up with their own predictions for the upcoming Q2 financials.
So people that are quite willing to say "this stock will go to $2.00 a share soon!" "I feel a rebound coming!", are unwilling to commit themselves at saying how well or how poorly their favorite company did this Quarter.
Oh, well.
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