RE:Financed and Ready to rumbleOh my god, here we go again. Heading to the old game plan.
"These funds will be directed to purchasing over 2,700 (point-of-sale) terminals" ... this what they did in the past before getting out of the terminal business because it drained their cash! I thought they where a software provider not provider of hardware!
It looks like the boys at the Brazilian partner wher astute enough to take advantage and have Vendtek take on the capita costs of the product rollout.
The Board is not doing a very good job nor the CEO!
Stock will rally shortly as they announced these terminals are deployed, and than as people figure out the margins are even lower than before due to the additional costs of the devices the stock will falter. In between this time, the shorts that understand this business will short it, and leavel the retail in the dust.