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Re: learning curve post# 52001

Friday, 02/15/2013 10:40:45 AM

Friday, February 15, 2013 10:40:45 AM

Post# of 80868
I'm leaning towards agreeing with you, LC, but I also think if they're close to profitability after Q1 and made important changes, Frost will purchase more shares to help out.

The most important part of the letter that I see? This is what's going to help bring them to profitability.

We recently renegotiated our terms with our manufacturers and have refined our distribution model, and as a result, we should experience better sales margins. On top of this, we have reviewed our operating costs and are cutting several non- essential expenses




My least favorite part is that they still plan on not filing Q1 13 until the summer. Q1 ends March 31, why not file early and get uplisted early?

I also like that Brad wrote the letter and you can tell he did. I think this is the closest we'll get to him owning up to the growth plan he created and apologizing for it being to detrimental to early shareholders.