Active Control Technology Inc ATIVF

Has anyone compared the year end to the nine month

[davpro]

Essentially if you look at the nine months figures they say the comany had revenues of
$4,529,527
with cost of sales of
$3,569,196
resulting in a gross profit of
$960,331
Then when you look at the year end figures revenues are
$5,310,491
with a cost of sales of
$4,699,341
resulting in a gross profit of
$611,150
Therefore in the last quarter they actually lost an additional 1/3 of their previously booked gross profit or
on sales of
$780,994
they had cost of sales of
$1,130,172
for a result that they had a gross loss of
$349,228
Obviously they had some uncaptured cost throughout the year that they missed but the auditors must have caught.
Anyway in order to get a proper feeling for current margins on recurrent revenue we will have to wait for the Q1 statement. Or did I just miss something?

[hydra100]

The reason I believe the fianancials were out so late is because the had to restate two qtrs.  If you missed that I can get it for you.Also in order to make balance sheet look as good as possibe they started to write down money paid out to the company who makes thier products.  You will remember they gave them appox 1.5 ml if I remember correctly and and wrote down some on this qtr. 

[davpro]

Ok got it...The restatment was for 2009 and so is inaplicable to what I was referring however the writedowns do bear on the cost of sales:For the year ended July 31, 2010, the Corporation wrote off through cost of sales the remaining unused licenses of $314,467.Unfortunately that still results in a gross loss for the period of about 35,000 so we really can't tell much about gross margins on

[davpro]

By the way the company has no long term debt and only current liabilities on their book with sufficient working capital to cover those expenses so they aren't going bankrupt any time soon... additionally if it is priced right you will always find buyers for a PP... as VEI did when they executed a 25:1 consolidation followed by a 50% equity offerring in their recapitalization strategy... the

[hydra100]

Wages and benefits for employess.  Operating at a loss.Tick tock,tick tock, tick tock.Time is running out.Priced right yu can sell - tell that to Oilexco.  They could not sell any assest at any price to save themselves.  Then assets  picked up in bankruptcy court for almost nothing.  Done consolidation before and investors got burned.  They can only do it again

[badactor]

I think management might be a tad worried about doing a consolidation. Why ? Because it would be the second consolidation the company would have  been forced into in it's history & this would not sit well with investors. Just a guess on my part but one consolidation is bad enough. Even though this is a different management team investors that remember the first probably have not

[davpro]

As far as I know there hasn;t been a previous consolidation... if you are refering to the event on 8/ 20 and 8/ 21 2007 that wasn't a consolidation it was rather a means to clean up a number of orphaned shares done on a Saturday and Sunday... read the press release of that time for clarification.

[hydra100]

Hey badactor where did you get that previous consolation?   From positive???????Maybe from deliverator he is into "fuzzy math"   10 - 8 = 4.These guys do not read press releases, financials and/or M/A.  Thet only make "phone calls" and talk to "Peter" at the heavenly gates.  Definately long distance.In order to issue shares they have to