News Focus
News Focus
icon url

skier1

04/04/11 9:21 PM

#77577 RE: BiotechValues #77574

Their last capital raise was in april 2010 of $9.8MM. It was non-brokered and led by IDG and guerilla capital, a china based hedge fund. Earnings fluctuate based on openings, higher openings with concomitant expenses can lower earning while driving value. Key value trends, like avg spend per customer, # of members, # of clubs, retention rates etc. have all trended consistently up. More than half of their units are less than a year old, giving high visibility on growth trajectory.

Their March presentation is instructive:
http://sec.gov/Archives/edgar/data/1355835/000121390011001142/f8k030411ex99i_soko.htm