Replies to post #445 on Singing Machine Company Inc (MICS)

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According to their own presentation...there's 561,112 of the pre-funded .01 warrants after the reverse split. Those should be included in the diluted share count.

I'm not too worried if the diluted share count is 2.8M or 3M or 3.2M or whatever. Bigger concern to me is the clobbering so many retailers are getting this month. If the consumer is pulling back as the economy slows, I'm guessing they won't be spending nearly as much money on MICS products. Let's face it...karaoke machines are ultra discretionary. Plus the seasonality of MICS isn't in our favor. As the next 2 quarters to be reported are seasonally much weaker. Looking at losses in both those quarters. In these incredibly difficult market conditions, I don't exactly see the stock shooting higher when they report a quarterly loss.