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Re: Cobra Kai post# 15906

Friday, 08/12/2011 4:12:38 PM

Friday, August 12, 2011 4:12:38 PM

Post# of 28290
Joe - the news we need to see is revenue flowing in. Am I glad to see the sheer number of JVs at this early stage, sure. But it doesn't matter if they have 1 deal or 1 million deals if there is no revenue. For example, have we seen any indication that the traders have brokered any deals on the saudi oil? When the agreement was announced, they stated they were positioned to start selling immediately. Yet not a single word on a sale. YOu know me, I've been supporting these guys for months and months. I'm not trying to dump on them at this point. However, with all the shareholder letters, JV announcements, contract postings and promises of game changers, we have yet to see any concrete evidence of revenue. As I've said many times in the past, I'm not foolish enough to expect to see a million or more in revenue just yet. But can I see evidence of some successful transactions that have brought in any revenue, even if only enough to cover expenses? Until we see that they have created a revenue stream, this is going to sit exactly where it is, give or take a few tenths of a penny.