Revenues not stellar. They are ok, but not much more then the previous quarter which was supposed to be the start of something exponential. Remember the whole doubling every month... By that rate there should have been revenue exceeding $500k, and its inline with last quarter $250k
Seems like there is some tax items being shifted around to show balance sheet improvement. Still huge in the hole and haven't even picked it apart and not sure I even will. Too ugly to mess with.
Hopefully someone will take the time and find some silver lining details....
Someday this company will be worth investing into again. I am not scared of a R/S as they seem to have revenue to keep them afloat. It's just a question of how market makers hit this thing several more times before it can't anymore. Dilution was 100mil from last qtr. which about $10mil a week. Not horrible, but not awesome either. They only have a few more qtrs to do that until they hit the cap!
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