Snow, it's a tangled web that I have not gotten to bottom of yet. I do know that the margins are very thin and there is little or no re-occurring income. Navicom appears to be setting up other distributors for new C Trac unit and collecting a small override on each sale. All in all, not a bad deal for them, but not really worthy of the news they’re making from it.
I see the stock is starting to tumble on very low volume and I suspect either poor financials, or the lack any that are meaningful will soon be known. Perhaps today after the close of trading, because that’s when bad news usually released. I also suspect bad audit/financial news is why were seeing all the diversionary GPS glitz of the past few days. Dog
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