This is the best communication I have seen from this company yet to you shareholders.
Also........
From a financial perspective, we would have been cash flow positive in
early Q1 2007, however, due to product shipment and installation delays (a
result of UL approvals and customer deployment strategies), we now
anticipate to become cash flow positive in Q2 2007. Becoming cash flow
positive is predicated on product delivery schedules to Europe, client's
real-estate negotiations and other factors, however as we expand, we also
diversify our client pipeline.
Significantly, based on our impressive business turnaround in Q4 2006,
the company will not require additional equity funding, but will rely on
less dilutive credit lines and small strategic investments. This approach,
along with our strategic relationships in place or in the process of
formation, will assist the company with our capital requirements for the
foreseeable future.
Key word here is anticipate. So if I was a shareholder I'd say to myself 3rd quarter so my bubble doesn't burst. LOL!
Another key part though of progress is no more equity funding.
You guys know I've been pounding these clowns hard because quite frankly they deserved it.
But I also will give credit where credit is due.
I think they are turning it around here. I hope you shareholders who got wiped out by RS can hang in here and recover. If there ever was any communication before that would say to me you can it was this today. Wish you all well.
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