Scorry,
I've been a supporter here most of the time. Companies I have been invested in do CCs when significant events occur or in consanance with quarterly/annual reports. They do the calls to provide more definitive information to shareholders and to also provide guidance on future plans even when the event precipitating the CC may have been negative. The most pressing problem, acknowledged by Todd, was the late 10Q. He gave no real good answer on why it is 75 days late and provided no guidance on when he expects to have it done.
They restated the list of technologies. However, when asked for specifics on who makes RadSeal, Todd put on his dancing shoes and was evasive on the question actually presented. He did say it was patented, had been around for a long time, was better than NuCap, and more easily accessed in quantity orders but never identified the producer. Will they be marketing the product under a license from the manufacturer or will they just be placing orders to an established distributor? Have the test applications been successful?
He restated acquisition plans while indicating the target companies look to have a "sparkling" future. He did say the company is going to need $15MM for future operations and acquisitions. That is a bit scary when you consider the company doesn't know how that capital is going to be acquired.
When asked by a rep from a finance firm about naked shorting, he stumbled in trying to provide an answer..My take on the subject is the company has not ever addressed the issue. JMO
Most everything presented and the questions they know to exist could hve easily been covered in the 10Q. According to Todd, that is a most pressing issue.
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