InvestorsHub Logo
icon url

RNsidersbuying

07/17/15 8:59 AM

#8074 RE: dmmm #8073

EVSI I wonder what happened to the $2m order that was supposed to be delivered in Q4 and Q1?

Me too! After announcing a $2M backlog in Sept. 2014, they produced sales of 171k in Q4/14 and followed that with 100k sales in Q1/15 - unreal?

At Q1/15, they show ($1M) in debt on their Balance Sheet and to fill this new $16M order backlog, they will need another $4M expenditure for raw materials, minimum, more likely $8M or $10M???

So much potential here with such a fustercluck production management.