Rhodes, my guess is next week...
I have spoken to Mr. Pandey as well, and I believe earnings will be released at some point next week. Let's be cognizant of something though: technically they don't have to release earnings at all. They're trying to be more diligent with getting earnings released on a timely basis because ultimately I believe their goal is to be uplisted to a larger exchange, be fully reporting, etc. Sure, it would be nice to be "Current" on the Pinks, but there are bigger goals here too. When you look back to last year, they had a LOT of catch-up to do just to get Q3 2010 earnings out, year-end earnings, etc. Though delayed with Q1, the company is going through the growing pains of being compliant.
That being said, I do get the feeling that more news is to come outside of earnings. Even though they've pre-announced roughly $19.1 million in Gov't contract revenues, the company had to hit the ground running to get hires in place to fulfill those contracts. Whether they fulfill the entire contract amount is a guessing game, but even if they fulfill 40%-60% of the contract amount, that would be a HUGE win for the company. They only did $2.2mm in revenues for 2010; to grow to $8mm-12mm in revenues for 2011 would be incredible!!! It would be nice to hit the full contract amount, but everything would have to fall into place and with that threatened Gov't shutdown a month or so ago, let's be honest, the first place they're going to put a hold on spending money is with PRG Group (no offense to Uma and his team). I even had to re-assess my own lofty revenue targets for the year and become more realistic. Could it still happen? Sure, but my gut tells me that there are going to be bumps in the road. From $2.2mm to $19.1mm in a year would be unbelievable! From $2.2mm to $8mm-$12mm?? Still pretty fantastic, no? (As a disclaimer: These are just my guesses as to revenues; I have NO prior knowledge of where the company is tracking this quarter or any future quarters.)
The real issue we have is AWARENESS!! We need some PR's talking about what the company is working on to get investors excited. A revenue producing Pink Sheet stock is nothing to sneeze at. If the company can continue to increase revenues, and not have to dilute shares for operating expenses (which I don't believe they need to do), then getting people interested in the stock will be key....We all know once a stock has interest on the Pinks and gets noticed as a % gainer, or price mover, etc, then all the momentum guys jump in, people start kicking the tires, etc. I think we're in on the ground floor; how quickly we go up is anybody's guess. Believe me, I'd love a PR a week, but I'll take subtance over quantity. I'm sure there are things that Mr. Pandey is working on to update his shareholders with and hopefully soon. At least we're not one of those SEC suspended stocks for companies issuing fluff PR's, incorrect financials, etc, because that would be even worse. As this company grows, the share price will follow. There isn't a person out there that wouldn't LOVE this stock to be a LOT higher right now. (Ok, maybe there is one poster that wouldn't agree :) ) In my opinion, good things will come, we just have to be patient.
Good luck!!
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