Just talked to the CEO...10 million in sales is unsubstantiated speculation. The CEO said he doesn't know where people get this info from and that he cannot say what sales will be like in the next 12 months as he is not allowed to make those kinds of predictions.
The company will be doing another financing soon as they need capital, which means more dilution. While he did say he doesn't expect to see a reverse split in the stock, he did not deny that one might take place down the road.
On the positive side he has put 2.5 million of his own money into the stock and has allot riding on the company.
Would I buy? I might but am concerned about how much dilution will take place from an imminent financing.