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moneym8ker

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moneym8ker

Re: wolverine02 post# 28142

Thursday, 08/15/2013 12:50:03 PM

Thursday, August 15, 2013 12:50:03 PM

Post# of 38473
Yeah...
But here's the problem with that:

The company has had a problem with the whole "net revenue" end of that equation. Historically their cost of revenue exceeds the revenue, hence the increasing debt.

Now I'm NOT saying a revenue swing can't happen BUT I am saying that a revenue swing of that magnitude IS a material event AND i dont think they would be able to change FY's without acknowledging a material event.

If this is on the up and up its a bonafide bullish event AND it would also be an event that I've stated repeatedly that I'd like to see before initiating a long position in the stock.

UBRG negotiated discounted shares for themselves in a private transaction? Fine...more power to them... But where did they get the cash?
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