Updated numbers show the continuing (and increasing) concern (contributes to the stated "ongoing concern"):
The supplemental revenue derived from JBI's subsidiaries is dropping dramatically Q to Q (and I believe there are plenty of hints at their disposal esp. Javaco) while the % of SG&A + R&D to revenue is increasing.
This IMO places a large burden on P2O to rapidly generate revenues to offset while simultaneously attempting to produce additional units and place them in JV sites.
Having said all that I believe these next 2Q's are critical fundamentally; and technically it sets up into short-term directional pivot-point by the end of June.
Q1 '10 Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Total S&GA + R&D 3677 2752 2508 3174 2602 4551 Revenue 3600 3803 3297 1720 2202 535 As a % of Revenue 100.89% 71.05% 73.01% 165.76% 105.09% 809.35%