As I mentioned before,Right now is a very difficult time psychologically as a share holder and probably for the company as well until they close the PP! If some of the employees invest some of their hard earned money along with ours, that would be very comforting indeed))
The company’s gross profit for the first 2 quarters of 2018 was only about $1 million dollars and their burn rate over this time was just under $6 million, creating about a $5 million dollar loss over this time frame.
The Boss has indicated sales for Q3 would lol be sequentially higher than Q2, but that could still be a pretty small number compared to q2 and as related to their monthly overhead !
When they get the money in the door, it should take a lot of immediate financial pressure off the company and creating a fuller focus towards marketing of their cable related chip sets.
If Q4 results in a more substantial revenue picture for the company it will be Game On, if it remains a little weak that could pose a problem UNLESS they announce MORE ORDERS$$$$$
Either way, the wait won’t be much longer here. I personally hold an oversized LONG position in the company and am looking forward to seeing further announcements of additional DC chip set sales!!
Tick Tock.... Let’s go with the Game ON scenario