RE:Why can't this dog hunt? What is missing ?
absolutely no reason for this equity to be trading where it is. After selling cider and some intellectual property to Nvida for 3.75 million and paying off our longer term debt ahead of time along with this past quarterly financials there is no justification for a .04-.045 s/p. Here are the highlights of this past financials, Second quarter fiscal 2016 revenue was $0.8 million, up $0.3 million over the prior quarter and up slightly over the same quarter last year. Adjusted EBITDA loss, including the results of discontinued operations, was $0.2 million for the quarter, an improvement of $0.2 million over the prior quarter. Operating expenses remained flat quarter over quarter at $1.2 million, but down $0.4 million compared to the prior year. But with this being said, with everything that we have been a part of from Hopper, Espial, and more recently Google Click we are waiting on stronger revenue to take shape and gain traction which take time. Once we get stronger revenue and move towards profitability, we must be fairly close to break even and move decisively beyond we should trade considerably higher--I would say justifiably at .15 plus because right now we are trading about 50% as to where I believe we should be and therefore if that being the case and on stronger revenue I would figure we should go up at least three and a half times as that would be more reflective of things when they take hold. Perhaps even closer to .20, but I guess we will have to wait and see. I strongly believe the next two quarterlies will be a good indicator as to how things will continue to unfold. Nevertheless, like I said, I will not be selling anything over here for less than .08 because doing otherwise is just ripping myself off! But as before if others are looking to unload and it is in my investment strategy I will consider buying chunks here and there. glta