According to IWEB there is no market demand for their product. Sales down 66% because of slowed down demand (read the full Q).
So, regardless of what pumpers are trying to convince you that the market is huge, IWEB is telling you that the Market is shrinking and even if the Market is big (which it is), they are not able to sell.
There is no point in listing the negative aspects of the Q, it is an easier summary to conclude that there was nothing positive and things are going from bad to worse.
A company with revenue of around $30K a month (less than a hot dog stand business) in a market with high need is worth pausing and taking a closer look at management's failure which is still blaming the deceased CEO over a year ago for the reason they don't have sales today.
The "merger" is irrelevant and if CTC goes forward with it, it is important to ponder the question of Why they would be? Investors beware of this merger of 2 failures. IMO
What a shame! GLTA
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