RE:RE:RE:Breaking out!That was disappointing, certainly a poor effort to pump her up or at least a poor result from some of the things one could consider an effort on the fan board.
Financial results out probably after close on Monday. Maybe even after or during the conference call. There should be no surprises IMO. Quarterly revenues probably in the $5 million range +/- a mill, decent margins since we are not talking brick and mortar or mechanical equipment construction, and not too far off from a break even. But two things about that in my mind. First, ho-hum, that is not the kind of play that attracted and will attract investors. It is very far off from 9-digit or more revenues that PG was advertising for quite some time. Second, the balance sheet is likely going to remain ugly. When you owe much more in the short term than what you have to cover it, you can say that the creditors are effectively in charge.
We shall see what PG has to say about that because the FBA agreement ran out at the end of July and we heard nothing. The quarterly results cover the period ending June so the results of anything that may have happened are going to be shown in Q3, to be reported approximately 3 months from now. But as I reasonably opined, that is important information that we should have heard about days after the agreement expired. However, not surprised that we didn't since we all know how many important news items were swept under the rug or vaguely addressed months, quarters or years later. A KNR fan is welcome to take a shot at this fact, knowledge based, thoughtfully articulated view if it is an unfair assessment. But a good shot needs to be backed up by facts and basic financial knowledge, so good luck with that.