As you already now from pluggerville, revenue can be a scam all to its own if the company is handing out product a loss to drive the revenue.
I saw a huge jump in revenue, almost 10 Mil in 12 weeks for SGSI. not sure where see you a drop in revenue? If they cut unprofitable dollar swapping revenue to free up cash flow to generate profitable revenue instead that showed as a 20% revenue drop and the operating loss fell 95% I would dancing in the streets.
Oh, wait I am dancing in the streets.
What I do not like is the market unwilling to buy up the last printed shares at $2 and higher right now. If I was still buying and adding I would tickled pink, LOL.
Any one besides me notice the bid dance battle going at the best bid, on L-2, 42,000+ plus shares at the bid at .27x????
42,000 x200 = 8,400,000 pre split, a bid volume we have never ever seen on this stock since the IPO in 2008
I made made my last large buys at .30/.31 right after the R/S
And could have sold at $4, $2, and easily at .80 in recent days
So my finger is hovering on the bid/buy more right now.
IMHO the only reason the stock is not at $10 now is for the moment there is more supply available to sell at under $1 cost than demand. I think they already printed all the last shares to convert the remaining debt, what I do not like is that they have failed to 8-K the fact they printed 2.9 Mil restricted shares to apparently pay off the last of the convertible debt, probably owed to Icld?
I am still long. I like the 10-Q, it was way better than I expected or hoped for.
If there was no convertible, and no cheap shares left to sell from its conversion, I have no doubt the stock would be at $10/share.
Once we have bought all those shares, look out over head, Imho!!!
GLTA!!!
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