The revenues are up year over year but not qrtr over qrtr....they are down a lot more than any seasonal/cyclical fluctuation can be attributed to....They will not post a profit in the 4th quarter barring some miracle...
The revenues are down because the ad and point/click $$'s are dropping across all of these companies in this space(Like Google & Yahoo)....SG has decided to go into the podiatrist listings/pages and his Hello local sites to increase exposure...Great ideas but its going to be expensive as he is adding up to 15 people this quarter to the payroll....
Stock price is being blamed on shorts only but the majority is longs/swing traders who were disappointed with the last report and the reality that he just drew down 400k to ramp up his new offices and their related opening costs....
SG means well, but he is facing a lot of competition out there and its going to be a bumpy ride in my opinion...He originally gave guidance of 4.5-6 million for this year and there is very little chance of that happening....2.5 million might be a stretch at this point....
I bought in at .0009 a few weeks ago and I sold at .0009 right after I digested the report and couldn't sell at .0010 --- I hate to see the stock fall much further for everyones sake as there will have to be an R/S to fund expansion efforts even though SG really wanted to get this stock listed....GLTA
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