Last year KWGC made $40M in 9 months revenue. 2004 10% profit margin loss. 2003 was 6.5% loss. Easy to see why Kelly knew a change was in order. Combined cos. sharing resources. Cox visits Wash. DC where FDA setting up pharma RFID standards. I'm holding for a few weeks to see what happens. Tell me how many penny stocks have revenue of 13M/qtr. pre-merger.
The numbers are pretty diastrous but I doubt they detract too much from the credibility of Mr Cox and Mr Berman. I think these two officers of CDED have been taken in by Mr Kelly. But those numbers seem to reflect very badly botn on Mr Kelly's honesty and his business acumen.