RE:RE:Yes...I have sunkWhy am I here exactly?
I mentioned here months ago that I had taken a hard look at this months earlier and I didn't like it.
I'm quite sure I spelled out some of my reasons in that post.
I've been here to counterbalance some of the groundless promoting here that has never been supported by facts, and to encourage objective analysis and ongoing due-diligence.
To encourage people not to be stuck in this stock like a deer in headlights.
Maybe even to save some people some money.
Can't know for sure, but if I have, it will have been worthwhile.
Remember this post from 11 days ago. The stock traded as high as $1.48.
tamaracktop wrote: More importantly, how many times will you wish that going in to Q3 numbers?
Or, maybe worse yet, after Q3 numbers?
It seems quite unlikely to me that the numbers will be pretty.
Remember this post from September 2nd:
tamaracktop wrote:
Backlog declined from $41.2 million in the first quarter to $35.3 million in the second.
Backlog declined $5.9 million.
Second quarter revenues were $5.8 million.
Revenues consisted entirely of working off backlog.
There were no new orders.
3rd quarter numbers aren't much more than a month away, and you better start thinking about that.
The market will.
Have you seen any new contracts in the last few months that would add to backlog?
Have you seen anything that will have improved a seriously cash-strapped balance sheet?
I'm not an analyst, but I do rely a great deal on number crunching, and it seems to me that yoy comparisons are going to be downright ugly, considering that in Q3 2021 the company reported revenues of $9.3 million, a backlog of $44.9 million, and cash and equivalents of $15.8 million.
They aren't going to come anywhere close.
All I'm suggesting is that you be careful.
As far as trying to save anyone any money, the oportunity is diminishing rapidly and daily.
Personally I think this stock may possibly implode.
Possibly.
A trading halt isn't outside the realm of possibility.
There's more than one possible catalyst.
Something is rotten in the State of Denmarkl.