InvestorsHub Logo
Followers 82
Posts 12310
Boards Moderated 0
Alias Born 04/18/2005

Re: None

Saturday, 06/09/2012 7:32:34 PM

Saturday, June 09, 2012 7:32:34 PM

Post# of 141624
RFMK: They will never uplist. Actually, at this stage of the biz cycle, the only real major item is product sales at a sufficient gross margin that when volume is achieved in the future, the company can make a profit. To date, even with all the dilution to raise money has not provided any cash or inventory...per the last financial statement. (They are, of course, way late in the latest Q report, so we have no idea what they say the financial situation might be as of the end of March 2012)

btw: getting audited financials and an uplist is nice in a PR, but has nothing to do with generating revenue, profit....shareholder value.

A concept that "the end justifies the means" may be met with bad karma. ;-)

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.