RE:RE:PetroknowsPetroKnows wrote: I honestly have not done any number crunching only because the acquisition makes it very difficult to anticipate revenues. You'd have to do some accretive/dilution analysis.
As for the valuation of the company - I'm just way too lazy right now to be doing a DCF haha.. The assumptions would make a company of this size share price unrealistic.
But I do believe the acquisition will help grow revenues and cross sell products.
I look forward to higher revenues next quarter and profits as costs continue to be minimized. The acquisition brought their margins down because the acquiring company had lower margins. They were much higher before the acqusition. Once they reap synergies and integrate that new company with their current vertical integration. IT should present really pretty results.
.....Wi2Wi, a company purportedly engaged in design, manufacture, and marketing of products used for wireless applications, has publicly issued two audited financial statements covering annual periods from 2011 to 2013. Defendant Black approved and signed these consolidated financial statements on behalf of the board. According these statements, Wi2Wi has generated consistent net losses of over $2 million each year, and its accumulated deficit has climbed from $18.6 million to $30.1 million. And, just like Amorfix, each year, Wi2Wi’s financial statements contained going concern disclosures based on the company’s recurring losses, increasing deficits, and inability to generate a profit from operations.