Whoops, for some reason it didn`t copy and paste both messages, so here`s the first one from Yahoo:-
Christine x
Post copied from Yahoo:-
Great Quarter! (Not rated) 9-Nov-06 10:41 pm Revenue up 84% over last year's quarter and 216% year over year to date.
The costs of settling the notes are already factored into the stock price. In fact, take a look, on 8/16 when note settlement was announced the stock rocketed to 3.50 on the news.
Next, the private placement for $6,000,000.00 was done at 2.50 a share. The same investor has warrants to buy additional stock at 4.17. This was all announced months ago.
Furthermore, in the last S-3 filed about a month ago, the company clearly issued guidance that it will continue to lose money in the foreseable future as it rolls out its new technology. Again old news.
Therefore, the only item of importance in this 10-Q is the Revenue Growth. Again 84% over last quarter last year!
A couple more of those seem to be in the pipeline with the new announcements and patents on the horizon.
Top Line Growth is all we could have asked for and we got it.
Sentiment : Strong Buy
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