On their point about new sales flowing to the pre tax bottom line at the rate of gross margin, do you trust that the SG&A of q1 is the new norm rather than the higher q4 numbers? They’ve said before that fixed expenses were staying flat and it’s bobbled around. Basically do we trust this?
Because if q1 is the flat level than hitting even $9 mil in sales means 5 cents a quarter or so. At $12 million sales, about 11-12 cents per quarter.
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