Post by
lscfa on Feb 28, 2011 11:02am
Large Sales Pipeline
The co.'s latest MD&A notes that the current sales pipeline is over 230,000 units. At $300 per unit that is $69 million or approx.
.69 per share in revenue. Stock is at
.08
.
:
Comment by
ecomplayer on Mar 03, 2011 9:44pm
Unfortunately "sales pipeline" doesn't equal orders. Most importantly, the company had 1 month worth of cash left at October 31st and appears to have been unable to raise any money with their latest financing attempt. I think they need a "magic genie pipeline" to get the money to make 100 controllers let alone 230,000!