why do you keep comparing an electrical and telecoms installation service business with a manufacturing company? Please keep the conversation here about SGSI
different business models
For investment purposes it is useful to know when a company will become profitable and not have to dilute constantly. Spectrum is close but until they show growing gross margins - through better controls/utilization of resources, increased prices or whatever I remain skeptical and they will need Convertible notes to operate.
I hope #3 has a better profile and we can cut their SG&A overhead immediately as we do not need 3 companies SG&A overheads as mentioned many times.
if no #3 acquisition then may be Q1 2019 is profitable since core business through ADEX is growing well.