Spoke With ManagementI called management this morning, Like every time I call management was easily approachable and willing to take time to answer shareholder concerns.
The company expects overall growth and EBITDA to dramiatically grow quarter over quarter (from Q2-Q3) . Tawanka tribe renovations were completed around labor day according to publically announced tribe news. This implies that machine revenues should increase as clients go to the newer facilities
The company has looked at the option of a share buy back at these low levels due to shareholder concerns. Management believes that money should be put towards future expansion and not a share buy back, as a buy back with these volumes would not show much results. They admit that it would show confidence by telling the market the shares are undervalued.
Management stated that everything is on track and according to plan laid out in past news releases and confrence calls.
Management sees opportunity to expand within its current customer base by adding machines to facilities already producing. I spoke to the fear mongering taking place on this board and asked if the company enticipates positive EPS by year end and management still believes Q4 will bring a profit.
Management is very frustrated like all shareholders since they are also shareholders, They beleive that the market will correct when future quarteres are announced and show that the business plan layed out if true. The president and CEO purchased shares last week to show confidence.
Once again IMHO investors with large pockets purchased 12 million dollars worth of stock from the company to carry out the business plan. these individuals are not selling, small retail shares are selling us down in chunks of $10,000. It will not take much to take this stock higher, any profitability will take us higher as the market cap right now is presenting a amazing buying opportunity and with lvl 2 showing only a couple million shares between .05 and .12.
Longs will be rewarded, set it and forget it.