Quite a tempest in a teapot this afternoon! Historical views aside at least for a moment, doesn't this come down to what the most likely occurrence is for FASC in the future? If your view is pessimistic then the time to sell is now. That view would also imply the company sales forecast is zero. Clearly no one has a completely 180 around view and the pps isn't rocketing to the moon.
Based on the buy/sell pattern over the last few weeks, my conclusion is that there is a mix of pessimism and believe that additional sales are in the pipeline.
What are the facts we have in hand? 2 machines are held in inventory and the purchaser(s) are looking for the additional capital to complete the transaction(s). St Malo intends to buy a machine sometime soon as one of the principals has stated to the board on several occasions. So at least 3 machines for the current fiscal year and 6 months to go in the year. Not great, but zero either.
By my count, 2 additional machine sales would be needed in the fiscal year in order to break even and possibly show a net positive revenue on the year. (2 inventory deposits posted in previous year/quarter and would net to the equivalent of one machine sale in current FY. Essentially this will equal 1machine sale in current FY. Add St Malo and 2 new sales for the equivalent of 4 machine sales in current FY)
QL is waiting in the wings and will have an as yet undetermined positive impact on revenue.
So it begs the question - is FASC a screaming sell, screaming buy, hold/accumulate?
fwiw,
Net-Man
