Posted by: Calfire Date: Friday, November 06, 2009 7:28:37 PM
In reply to: LC-GATOR who wrote msg# 176345 Post # of 176379 [Send a link via email]
Gator, thanks for posting those numbers. I think it is a good thing that "cost" as a percentage of revenue went down from 76% to 38%. And...Profit as a percentage of revenue increased from 23% to 63%. I guess it all depends on how one "wants" to look at things.
I am disappointed that total revenue declined during that same quarter. But the sku#'s from the original licenses has generally been expanding, except for Vatican. It's been announced that new licenses are forthcoming. PM sales won't show up until 3rd or 4th quarter. More sku#'s and new licenses will hopefully increase revenue as the company moves forward. Time will tell.
As long as they remain OTCBB and fully reporting I am keeping a close eye on this one. I think the pps is primarily down here right now because of the "debt to equity" conversion that took place in Feb/Mar 2009. Many, many millions of shares were given at a value of .002 pps and it drove a lot of investors away. Six months later in Aug/Sept these debt to equity shares start hitting the market. Hasn't been enough volume lately to get over that hump IMO.
A spark could set it off. I'm with Lurker on ETNL...nibbled warily at .004 Want to see what is going on with the "game changer", financing and the product line!! What's the hold up Clint? Stop dangling the carrot in front of my nose and give me something I can sink my teeth into already.
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