Invesco Water Resources ETF T.PHO

Primary Symbol: PHO

The investment seeks to track the investment results (before fees and expenses) of the NASDAQ OMX US Water IndexSM (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index seeks to track the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. The underlying index may include common stocks, ordinary shares, American depositary receipts (ADRs), shares of beneficial interest and tracking stocks. The fund is non-diversified.

NDAQ:PHO - Post by User

Invesco Water Resources ETF

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Comment by pmoreno271on Jun 04, 2008 5:02pm

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Post# 15146054

RE: Revenues flatlining

Although revenues are flatlining, R&D expenses increased by 50% in the first quarter !?!

Cash on hand at the end of the 1st quarter was $600k, which means that they are pretty much out of money now and should be dipping into the line of credit soon.

Despite claims that a new sales direction is a priority, the company also flatlined on marketing expenditures, spending about 15% of what they consumed on R&D. Almost half of the $100k spent on marketing went to salary allocations for Bob and Ivan.

Quote from the news release:

"The company is taking steps to reduce the fluctuating effect in thismarket by expanding its sales of existing products and throughenhancement of product diversification."

Sorry for being daft, but what does that mean? Sounds like gobbledeegoop to me.

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