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Re: nycdream post# 71370

Wednesday, 02/19/2014 11:54:24 PM

Wednesday, February 19, 2014 11:54:24 PM

Post# of 79740
Here is my take:

The conference call basically started with a question right off the bat (it was about sequestration)- which was countered with the obvious first we'd like to thank everyone for their support and mentioned that the court case is a sensitive subject they can't really elaborate on. Then they answered the question about sequestration - essentially saying the same info they gave in the press release - that sequestration hurt all the businesses and in one case prevented some of our option years to be canceled. As time passes sequestration will be changing - which is why they are turning to private revenue (supposedly) - although they will be staying within their "comfort zone" - which is primarily in IT and engineering - and they won't be getting into anything new such as real-estate. That was about that.. another question was something to the effect of what's the biggest priority or interest moving forward - and that basically led into the court case - that they are waiting for that to be resolved and that it is a significant deal to the company - they said they are still heavily pursuing it, and that they feel like they have a strong case. They also mentioned a question about adding additions to the company or looking for partners or financing - and basically said they're always on the look-out and are in contact with people and investors - but it's something they're not really looking into at this time - as the court case is still a large unresolved issue - and is not something they are needing right now. Then he went on to mention the company has positive balance sheets, has no debt, and that is how they intend to keep it going forward and they are proud of the fact they can pay their bills. Oh and they were basically saying they have and continue to have a good relationship with Honeywell and with all the other partners they had prior to the Weitzel debacle - and that they have all been very supportive.

Personally - there wasn't any forward looking statements - but at the beginning they basically said they weren't going to. (they didn't even need a disclaimer thrown in)

I think the Release we had for this was just as informative if not more so - this was merely a reading from that in the form of a C.C.

I don't see the reasoning for changing a website - I doubt it has much business side use, it doesn't do anything for investors, kids in jr. high can make websites too... probably nicer ones at that.

That said - the CC wasn't bad - it wasn't good - it was more or less a waste of time. Nothing new, nothing detailed, nothing really upbeat, but the company has to be saying something. Honestly I didn't think there was all that much negative talk about Richard - it was basically just an issue and are waiting for results - until then their hands are somewhat tied.

Bottom Line - the company is still in the black and is debt free, and the company is looking to keep floating along until the court case is resolved - at that point they have more margin to work with (if it is a favorable decision) and can go from there.

The question is - what kind of revenue can the company make post Richard. Until Q4 comes out (I am expecting at least a couple sources of revenue that have been stated to be on there) it is a waiting game. But that's how this company chooses to operate - let the fins do the talking... and as of now - there is no debt and revenue coming in - which is more than most pinks can say.