Eprom, Arbpro was simply using the word “Zero” as a figurative and not literal term to describe his opinion of the uniqueness of what Navicom has to off the GPS tracking market. His, and other critics of this company’s strategy of making future predictions of what they are going to achieve, should be taken literally or discounted totally. For example, from day 1 the company has said by the end of 2005 it will have $10 million in receivables earning 29% per annum. This projection is the basis for their earnings guidance. The end of 2005 is near and do you know, or even care how close they are to this number? They predicted GPS sales of 1,000 units in August and fell well short of this number after announcing that several new distributors had signed contracts for product delivery exceeding the 511 units they claim to have sold. Audited financials were promised by October, 2004. It’s now October, 2005 and still no audited financials. The question is at what point should the shareholders hold this company accountable for the accuracy their projections?
Sir Dog
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