Sunday, February 23, 2014 8:18:10 AM
A/S: 600 Million.
O/S: 301 Million as of February. Confirmed by Pennywizard61, who called the new IR rep at FRCN.
Pending Catalysts?: Yes. They tweeted that they are in talks with multiple franchise candidates and that they are in talks with a big 800k SqFt REPEAT customer for a project.
Revenue?: Yes, up 64% Year over Year for the three months ended Sept 30 2013. Annual revenue estimated at 1.4 million. Operating expenses have not budged in comparison to the revenue increase. Overall, revenue is increasing and the company will soon be in net profit territory based on the trend. Most likely in 2014 imo.
Debt?: it is all current liabilities and no LONG TERM….a big plus imo. Current liabilities as of 30 Sept 2013 were 1.4 million. It’s been pretty clear that they were diluting heavily to pay the notes and loans due that total approximately 1 million. As stated in the last 10Q: “Unpaid principal and interest outstanding under the Note, is due on January 1, 2014”
Dilution?: DONE! I have been here for a few months and this has NOT been diluted in over a month.
Link to Facebook, which contains a good YouTube video:
https://www.facebook.com/pages/Firemans-Contractors-Inc-otc-frcn/345265302166087
Link to Twitter, which contains video, pics and recent posts:
https://twitter.com/FiremansCo
Disclosure: I own .0005s and .0007s…haven’t sold one share. My short term target range is .01-.015.
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